Why is Bhatia Colour falling/rising?

As of 24-Sep, Bhatia Colour Chem Ltd's stock price is currently at Rs 385.00, reflecting a decrease of Rs 7.0 or 1.79%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 3.75% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 59.22% and a remarkable 292.58% rise over the past year. However, it is noteworthy that the stock is currently 4.68% away from its 52-week high of Rs 403 and has experienced a significant drop in investor participation, with delivery volume decreasing by 68.45% compared to the 5-day average.
In the broader market context, Bhatia Colour Chem Ltd's short-term performance contrasts with the benchmark Sensex, which has declined by 1.18% over the past week while the stock itself has gained 1.32%. This indicates that the stock has managed to outperform the benchmark in the short term despite its recent price drop. The stock remains liquid enough for trading, with a liquidity level based on 2% of the 5-day average traded value, suggesting that it can accommodate trades of Rs 0.03 crore. Overall, while the stock has shown impressive long-term growth, the recent decline in price and investor participation may be contributing to its current downward movement.