Why is Bhatia Colour falling/rising?

As of 23-Sep, Bhatia Colour Chem Ltd is experiencing a decline in its stock price, currently at Rs 392.00, which reflects a decrease of Rs 7.95 or 1.99%. The stock has been underperforming recently, having fallen for the last two days and showing a total decline of 2% in that period. Despite this recent downturn, the stock has performed well over the longer term, with a remarkable 319.70% increase over the past year and a 62.12% rise year-to-date. However, it is noteworthy that the stock is currently 2.81% away from its 52-week high of Rs 403 and has seen a significant drop in investor participation, with delivery volume falling by 66.86% compared to the 5-day average.
In the broader market context, Bhatia Colour Chem Ltd has outperformed the Sensex benchmark in the short term, with a 1-week return of 6.87% compared to the Sensex's slight decline of 0.34%. Despite this strong performance relative to the benchmark, the stock's recent price movement indicates a struggle, likely influenced by the drop in investor participation and the consecutive days of decline. The liquidity of the stock remains adequate for trading, but the recent underperformance against its sector by 1.43% suggests that market sentiment may be shifting, contributing to the current price drop.