Why is Zuari Agro Chem. falling/rising?

As of 01-Sep, Zuari Agro Chemicals Ltd is experiencing a price increase, with its current price at Rs 374.00, reflecting a rise of Rs 11.6 or 3.2%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 1.24% and reached an intraday high of Rs 374.35. Over the past month, the stock has shown a significant increase of 21.74%, while its year-to-date return stands at an impressive 74.85%. The company has reported strong financial results, including a 170.67% growth in operating profit and a 77.37% increase in PAT over the last nine months, contributing to its attractive valuation and positive investor sentiment.
In the broader market context, while the Sensex has declined by 1.56% over the past week, Zuari Agro Chemicals has managed to outperform this benchmark, highlighting its resilience. The stock's long-term performance is also noteworthy, with returns of 82.84% over the past year, significantly surpassing the Sensex's decline of 2.43% in the same period. Additionally, the increasing participation of institutional investors, who have raised their stake by 1.33%, suggests growing confidence in the company's fundamentals, further supporting the stock's upward movement despite a recent drop in delivery volume.