Why is Indo Amines falling/rising?

As of 03-Jul, Indo Amines Ltd is currently priced at 167.55, reflecting a decrease of 2.65 (-1.56%). The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.7%. Today's performance indicates that it underperformed its sector by 1.53%, and it reached an intraday low of Rs 166.1. Despite this recent downturn, the stock has shown positive returns over the past week (+2.35%) and month (+8.90%), and it has outperformed the benchmark Sensex over the past year (+21.55% vs. +4.07%). However, the stock's delivery volume has significantly decreased, indicating falling investor participation, which may contribute to the recent price decline.
In the broader market context, while Indo Amines has shown strong long-term performance, outperforming the BSE500 over various periods, its recent price movement contrasts with the benchmark's performance. The Sensex has shown a slight decline of 0.62% over the past week, while Indo Amines has managed a gain, suggesting that the stock's recent struggles may not be reflective of the overall market trend. Factors such as healthy long-term growth, rising promoter confidence, and a favorable valuation compared to peers indicate potential for recovery. However, the flat results reported in March and the lowest cash and cash equivalents may be causing concern among investors, contributing to the current downward pressure on the stock price.