Why is Chemcon Special. falling/rising?

As of 26-Sep, Chemcon Speciality Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 265.20, reflecting a decrease of Rs 17.5 or 6.19%. Today's performance indicates that the stock opened with a loss of 2.05% and reached an intraday low of Rs 262.35, which is a 7.2% drop. Despite this, the stock has shown positive trends in the past week and month, with returns of 15.63% and 21.48%, respectively. It is noteworthy that Chemcon is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally favorable trend. Additionally, the company has a low debt-to-equity ratio, which is a positive factor, but the stock has underperformed its sector by 4.2% today.
In the broader market context, Chemcon's recent short-term performance contrasts sharply with the benchmark Sensex, which has declined by 2.66% over the past week and 0.45% over the past month. While Chemcon has shown resilience with positive returns in these periods, the current drop indicates a potential market correction or profit-taking among investors. The significant increase in delivery volume, which rose by 1069.24% against the 5-day average, suggests rising investor participation, but the immediate price movement reflects a cautious sentiment in the market.