Why is India Glycols falling/rising?

As of 29-Jul, India Glycols Ltd's stock price is currently at 1,734.00, reflecting an increase of 55.55, or 3.31%. Today's price summary indicates that the stock has gained after nine consecutive days of decline, opening with a gain of 3.66% and reaching an intraday high of Rs 1746.4. Despite a recent drop of 15.00% over the past month, the stock has shown strong long-term performance, with a year-to-date return of 34.11% and a one-year return of 45.26%. Positive factors contributing to the stock's rise include improved financial metrics such as the highest ROCE and Debtors Turnover Ratio, as well as increased participation from institutional investors, who have raised their stake by 1.67% in the last quarter.
In the broader market context, while India Glycols has outperformed the Sensex in the long term, it has underperformed in the short term, with a 1-week return of -3.12% compared to the Sensex's -1.03%. This indicates that, despite the recent uptick in price, the stock's short-term performance remains weaker than the benchmark. The stock's liquidity is adequate for trading, but there is a noted decline in investor participation, suggesting caution among retail investors. Overall, while the stock has shown resilience with recent gains, its mixed short-term performance relative to the benchmark and declining retail interest may temper enthusiasm.