Why is Zuari Agro Chem. falling/rising?

As of 19-Aug, Zuari Agro Chemicals Ltd is experiencing a price increase, with the current price at Rs 339.20, reflecting a rise of Rs 13.65 or 4.19%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and has outperformed its sector by 3.62% today. It reached an intraday high of Rs 343.25, indicating strong investor interest. Over the past month, the stock has surged by 66.11%, and it has generated a remarkable return of 69.98% over the past year, significantly outperforming the benchmark Sensex, which only increased by 1.52% in the same period. The company's strong financial performance, highlighted by a 170.67% growth in operating profit and a low debt-equity ratio of 0.39 times, contributes positively to investor sentiment.
In the broader market context, while the Sensex has shown a modest gain of 1.76% over the past week, Zuari Agro Chemicals Ltd has seen a decline of 9.34% in the same timeframe, indicating that its recent performance is somewhat isolated from the general market trends. However, the stock's long-term performance remains robust, with a 90.62% increase over the past three years, suggesting that it has consistently outperformed broader market indices. The increasing participation of institutional investors, who have raised their stake by 1.33%, further supports the stock's upward momentum, as these investors typically possess greater analytical resources to evaluate the company's fundamentals.