Why is Zuari Agro Chem. falling/rising?

As of 24-Sep, Zuari Agro Chemicals Ltd is experiencing a price increase, currently at Rs 287.70, reflecting a rise of Rs 13.7 or 5.0%. The stock has shown a positive performance today, outperforming its sector by 5%, and has gained consecutively for the last two days, accumulating a total return of 6.67% during this period. The stock's performance over the past year has been strong, with a return of 47.09%, while it has also outperformed the benchmark Sensex in the long term, particularly over the last three years with a return of 71.45%. Positive factors contributing to this rise include a significant growth in operating profit of 170.67% and a robust increase in net sales, alongside an attractive valuation compared to peers.
In the broader market context, the stock's short-term return of 1.30% over the past week contrasts with the Sensex, which has declined by 1.18%. This indicates that Zuari Agro Chemicals Ltd is performing well relative to the broader market, highlighting its resilience amidst market fluctuations. Additionally, the increase in institutional investor participation, with a 1.33% rise in their stake, suggests growing confidence in the company's fundamentals, further supporting the stock's upward movement. Overall, the combination of strong financial performance, positive investor sentiment, and relative outperformance against the benchmark contributes to the stock's rising price.