Why is Indo Amines falling/rising?

As of 27-Jun, Indo Amines Ltd's stock price is currently at Rs 160.40, reflecting a decrease of Rs 3.3 or 2.02%. The stock has underperformed its sector today, with a performance drop of 2.94%. After three consecutive days of gains, the stock has experienced a reversal, reaching an intraday low of Rs 160.3. Despite this decline, Indo Amines is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of 12.17%, while its operating profit has grown at an impressive annual rate of 30.27%. Additionally, the promoters have increased their stake in the company, indicating confidence in its future prospects.
In the broader market context, the stock has shown a short-term return of 8.09% over the past week, which is significantly higher than the Sensex's return of 2.00% during the same period. However, year-to-date, Indo Amines has underperformed with a decline of 5.20%, contrasting with the Sensex's gain of 7.58%. The recent drop in delivery volume, which fell by 12.2% against the 5-day average, suggests a decrease in investor participation, potentially contributing to the stock's current price movement. Overall, while the company shows strong long-term growth potential and rising promoter confidence, the recent price decline reflects short-term volatility and reduced trading activity.