Why is India Glycols falling/rising?

As of 08-Aug, India Glycols Ltd is experiencing a decline in its stock price, currently at 1,740.05, which reflects a decrease of 29.95 points or 1.69%. The stock has been on a downward trend, having lost 4.01% over the last three days. Despite opening with a gain of 3.77% today and reaching an intraday high of Rs 1836.65, the overall performance has been negatively impacted by falling investor participation, with delivery volume decreasing by 22.82% compared to the five-day average. Over the past month, the stock has seen a significant decline of 13.56%, although it has shown strong performance year-to-date with a gain of 34.57% and an impressive 47.65% increase over the past year.
In the broader market context, while India Glycols has outperformed the Sensex with a 4.34% gain over the past week compared to the benchmark's decline of 0.92%, the stock's recent performance contrasts sharply with its longer-term returns. The stock's year-to-date and one-year returns are substantially higher than those of the Sensex, indicating strong historical performance. However, the short-term decline and recent consecutive falls suggest that current market sentiment may be shifting, leading to increased selling pressure despite the stock's previous gains.