Why is Bodal Chemicals falling/rising?

As of 22-Jul, Bodal Chemicals Ltd's stock price is currently at 75.92, reflecting a decrease of 0.68, or 0.89%. The stock has underperformed its sector today by 1.03%, and its delivery volume has fallen by 15.56% compared to the 5-day average, indicating a decline in investor participation. Despite a positive trend in net profit growth and strong quarterly results, the stock has shown a 1.38% decline over the past week, contrasting with a significant 11.40% increase over the last month. The stock is trading above its longer-term moving averages but below its 5-day moving average, suggesting mixed short-term momentum.
In the broader market context, Bodal Chemicals' recent performance has been weaker than the benchmark Sensex, which has only declined by 0.47% over the past week. While the stock has generated a modest return of 2.59% over the past year, its profits have surged by 198.8%, indicating strong underlying financial health. However, the stock's performance over the last three years has been notably poor, down 20.29%, compared to a robust 46.57% increase in the Sensex, which may contribute to investor caution. Overall, the combination of declining short-term performance and reduced trading activity may be influencing the stock's current downward movement.