Why is Sharda Cropchem falling/rising?

As of 30-Oct, Sharda Cropchem Ltd's stock price is currently at Rs 881.85, reflecting a decline of Rs 71.85 or 7.53%. Today, the stock has underperformed its sector by 7.62%, marking a trend reversal after seven consecutive days of gains. The stock reached an intraday high of Rs 976.9 but fell to a low of Rs 865.9, indicating high volatility with an intraday fluctuation of 8.12%. Despite a strong performance over the past year with a return of 22.54%, the stock has seen a significant drop today, likely influenced by a decrease in investor participation, as evidenced by a 56.67% drop in delivery volume compared to the five-day average.
In the broader market context, Sharda Cropchem's short-term performance has been relatively strong, with a 4.93% increase over the past week, while the Sensex has only decreased by 0.18%. However, the stock's current decline may be a reaction to profit-taking after its recent gains, despite the company's solid financial performance, including a 75.2% growth in PAT and a low debt-to-equity ratio. The stock's attractive valuation and consistent positive results over the last six quarters suggest that the fundamentals remain strong, but the immediate market reaction indicates a cautious sentiment among investors.