Why is DMCC Speciality falling/rising?

As of 31-Jul, DMCC Speciality Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 310.40, which represents a decrease of Rs 6.45 or 2.04%. Today's price summary indicates that the stock underperformed its sector by 0.98% and opened with a loss of 2.54%. After two consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 308.15. Over the past week, the stock has decreased by 3.00%, while it has shown a significant increase of 20.99% over the past month. Despite these fluctuations, the company has demonstrated strong financial performance, with a 49.14% growth in net sales and a remarkable increase in profits, which may support its valuation despite the current price drop.
In the broader market context, the Sensex has declined by 1.22% over the past week, indicating that the stock's short-term performance is worse than the benchmark. However, DMCC's year-to-date performance shows a decline of 16.11%, contrasting with the Sensex's increase of 3.90%. The recent decrease in investor participation, with delivery volume falling by 35.2% against the 5-day average, may also be contributing to the stock's downward movement. On a positive note, institutional investors have increased their stake in the company, reflecting confidence in its fundamentals, which could provide some support for the stock in the longer term.