Why is Zuari Agro Chem. falling/rising?

As of 29-Sep, Zuari Agro Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 272.65, which represents a decrease of Rs 14.3 or 4.98%. The stock has underperformed its sector by 3.98% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 9.73%. Over the past month, the stock has seen a significant decline of 24.77%, although it has shown a positive year-to-date return of 27.47% and a one-year return of 31.14%. The company has reported strong operating profit growth and attractive valuations, but the recent price movement suggests that current market sentiment may be weighing on the stock despite its solid fundamentals.
In the broader market context, the Sensex has declined by 2.18% over the past week, indicating that the stock's short-term performance is worse than the benchmark. While Zuari Agro Chemicals has outperformed the market over the long term, the recent price drop reflects a short-term struggle, particularly as it has fallen more sharply than the benchmark indices. The increase in institutional investor participation may provide some support, but the stock's recent performance indicates that market conditions and investor sentiment are currently unfavorable.