Why is Himadri Special falling/rising?

As of 25-Jul, Himadri Speciality Chemical Ltd's stock price is currently at Rs 497.75, reflecting a decline of Rs 13.95 or 2.73%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.31%. It also touched an intraday low of Rs 493.6. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 23.80% return over the past year and an impressive 491.15% increase over the last three years. The company maintains a healthy financial position with a low Debt to EBITDA ratio of 1.44 times and has consistently reported positive results for the last 13 quarters, contributing to its long-term growth potential.
In the broader market context, Himadri's short-term performance has been notably weaker compared to the Sensex, which has only declined by 0.36% over the past week while Himadri has dropped by 3.18%. This underperformance is compounded by the stock's recent price movements, which have been lower than its 5-day, 20-day, and 200-day moving averages, indicating a potential trend reversal. However, the stock's liquidity remains adequate for trading, and there has been a notable increase in investor participation, with delivery volume rising by 33.08% against the 5-day average. Overall, while the stock faces short-term challenges, its solid fundamentals and historical performance suggest potential for recovery in the long run.