Why is Zuari Agro Chem. falling/rising?

As of 06-Aug, Zuari Agro Chemicals Ltd is experiencing a significant rise in its stock price, currently at Rs. 362.80, reflecting an increase of Rs. 19.55 or 5.7%. The stock has recently hit a new 52-week high of Rs. 369.25 and has shown strong performance over the past three days, gaining 18.47%. In terms of returns, the stock has outperformed the sector by 8.15% today and has impressive year-to-date growth of 69.61%, compared to the Sensex's 3.08%. However, there has been a notable decline in investor participation, with delivery volume falling by 47.37% against the 5-day average, which may indicate some caution among investors despite the stock's upward movement.
Broader Market Context: In the context of the broader market, Zuari Agro Chemicals has significantly outperformed the Sensex, which has seen a decline of 1.15% over the past week while the stock itself has surged by 26.19%. This stark contrast highlights the strength of Zuari Agro Chemicals in a generally weak market environment, particularly within the fertilizers sector, which has fallen by 2.39%. The stock's ability to maintain higher trading levels than its moving averages further supports its upward trajectory, despite the liquidity concerns raised by the drop in delivery volume.