Why is Archean Chemical falling/rising?

As of 16-Jul, Archean Chemical Industries Ltd is experiencing a decline in its stock price, currently at Rs 687.00, which reflects a decrease of Rs 11.35 or 1.63%. The stock has underperformed its sector by 1.48% today and has fallen after three consecutive days of gains, touching an intraday low of Rs 679, a drop of 2.77%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of +2.06% and +8.30%, respectively. Additionally, the company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which have increased by 0.62% over the previous quarter, indicating strong confidence among larger investors.
In the broader market context, the Sensex has seen a decline of 1.08% over the past week, while Archean Chemical's performance has been relatively better, suggesting that the stock's decline is not entirely reflective of the overall market trend. However, year-to-date, Archean's return of +2.55% lags behind the Sensex's +5.75%, indicating a weaker performance compared to the benchmark. The stock's liquidity remains adequate for trading, and rising investor participation, as evidenced by a 15.22% increase in delivery volume, may provide some support for future price movements.