Why is Himadri Special falling/rising?

As of 02-Jul, Himadri Speciality Chemical Ltd is experiencing a decline in its stock price, currently at Rs 493.90, reflecting a decrease of Rs 8.8 or 1.75%. The stock has underperformed its sector by 0.86% today and has been on a downward trend, falling for the last two days with a total decline of 4.61%. Despite a strong performance over the past year with a return of 23.17%, the stock has seen a year-to-date decline of 15.57%. Additionally, the stock's delivery volume has decreased significantly, down 43.98% compared to the five-day average, indicating falling investor participation. However, the company maintains a strong financial position with a low Debt to EBITDA ratio and has consistently reported positive results over the last 12 quarters.
In the broader market context, while Himadri Speciality Chemical has shown a robust return of 8.73% over the past week, it has still underperformed compared to the Sensex, which has gained 0.79% in the same period. The stock's long-term growth prospects remain positive, supported by healthy net sales growth and increasing institutional investor participation, which has risen by 0.61% in the last quarter. Despite these positive factors, the recent price decline suggests that short-term market sentiment may be influenced by the recent drop in trading volume and consecutive losses, overshadowing the company's strong fundamentals.