Why is DMCC Speciality falling/rising?

As of 29-Aug, DMCC Speciality Chemicals Ltd is currently priced at 310.90, reflecting a decrease of 1.05, or 0.34%. The stock has been on a downward trend, experiencing a consecutive fall for the last six days, resulting in a total decline of 9.69% during this period. Although the stock touched an intraday high of Rs 319 today, it remains lower than its recent moving averages. In terms of performance against benchmarks, the stock has underperformed in the short term, with a one-week return of -6.85% compared to the Sensex's -1.84%. Despite a strong financial performance with a significant growth in net profit and a favorable debt-to-EBITDA ratio, the stock's recent price movement reflects a decline in investor participation, as evidenced by a 19.42% drop in delivery volume.
Broader Market Context: The broader market has also faced challenges, with the BSE500 index showing negative returns of -5.40% over the past year. In this context, DMCC's performance has been relatively strong, generating a return of 12.95% over the same period, indicating that it has outperformed the market despite its recent struggles. The increase in institutional investor participation, which has risen by 0.91% in the last quarter, suggests a level of confidence in the company's fundamentals, even as retail investor interest wanes. Overall, while the stock has shown resilience in the long term, its current price decline is influenced by short-term market dynamics and reduced trading activity.