Why is Zuari Agro Chem. falling/rising?

As of 10-Nov, Zuari Agro Chemicals Ltd is experiencing a price increase, currently at Rs 263.90, reflecting a rise of 12.55 or 4.99%. The stock has outperformed its sector by 5.2% today and has shown a consecutive gain over the last two days, with a total return of 10.23% during this period. It opened with a gain of 4.99% and reached an intraday high of Rs 263.90. The stock has also demonstrated strong performance over various time frames, with a year-to-date return of 23.38% and a one-year return of 25.07%, significantly outpacing the benchmark Sensex, which has only returned 6.91% over the same period. The company has reported very positive financial results, including a remarkable growth in net profit of 1108.86%, and has consistently delivered positive results for the last two quarters, contributing to investor confidence and the stock's upward movement.
In the broader market context, Zuari Agro Chemicals Ltd's short-term performance stands in stark contrast to the benchmark, as it has gained 4.49% over the past week while the Sensex has declined by 0.53%. This indicates a strong relative strength of the stock compared to the overall market. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. Furthermore, its attractive valuation metrics, including a low PEG ratio and a strong operating profit to interest ratio, reinforce its appeal to investors, contributing to the stock's positive momentum amidst a generally challenging market environment.