Why is Himadri Special falling/rising?

As of 01-Jul, Himadri Speciality Chemical Ltd is experiencing a decline in its stock price, currently at Rs 502.70, which represents a decrease of Rs 15.05 or 2.91%. Today's price summary indicates that the stock has underperformed its sector by 1.63% and has fallen after two consecutive days of gains, touching an intraday low of Rs 501. The stock's performance over the past week shows a gain of 14.45%, while it has increased by 6.96% over the past month. Despite this recent positive trend, the stock has a year-to-date decline of 14.06%. The company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.44 times and consistent positive results over the last 12 quarters, which may support its long-term growth potential.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex, which has only gained 2.00% over the past week. However, the year-to-date performance of Himadri Speciality Chemical Ltd is significantly lagging behind the Sensex's 7.11% increase. The recent rise in institutional investor participation, with a 0.61% increase in their stake, suggests a growing confidence in the company's fundamentals, which could provide some support for the stock despite its current decline. Overall, while the stock has shown strong historical returns and growth potential, recent price movements indicate a temporary setback amidst broader market trends.