Why is Zuari Agro Chem. falling/rising?

As of 01-Aug, Zuari Agro Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 307.20, which reflects a decrease of Rs 31.05 or 9.18%. Today's price performance indicates that the stock has underperformed its sector by 7.04% and opened with a loss of 4.51%. It has also touched an intraday low of Rs 304.45, showing significant volatility with an intraday fluctuation of 5.12%. Despite this short-term decline, the stock has demonstrated strong performance over the past week and month, with returns of 43.05% and 42.88%, respectively. The company has reported positive financial metrics, including a 170.67% growth in operating profit and a low debt-equity ratio of 0.39 times, which suggests a solid financial position. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, while Zuari Agro Chemicals has shown impressive long-term performance, outperforming the Sensex over various periods, the stock's recent decline contrasts with the overall market trend. The Sensex has experienced a slight decline of 1.06% over the past week, while Zuari Agro Chemicals has significantly outperformed it with a gain of 43.05%. However, the current downturn may be influenced by a broader sector decline, as the fertilizers sector has fallen by 2.38%. This combination of high volatility, sector performance, and recent profit-taking could be contributing to the stock's current price movement.