Why is Indo Amines falling/rising?

As of 24-Jul, Indo Amines Ltd is currently priced at 152.80, reflecting a decrease of 6.8 points or 4.26%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.85% during this period. Although the stock opened with a gain of 2.69% today and reached an intraday high of Rs 163.9, it also touched a low of Rs 150.8. In terms of returns, the stock has underperformed the sector by 3.36% today, and over the past week, it has decreased by 4.68%, while the year-to-date performance shows a decline of 9.69%. Despite these short-term challenges, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 30.27%, and promoters have shown confidence by increasing their stake by 1.12%.
In the broader market context, Indo Amines' recent performance contrasts with the Sensex, which has remained relatively stable with a slight decline of only 0.09% over the past week. The stock's year-to-date performance is notably worse than the Sensex's gain of 5.18%, indicating a significant divergence in performance. While the stock is trading at a discount compared to its peers and has a favorable PEG ratio of 0.7, the falling investor participation, as evidenced by a 19.37% drop in delivery volume, suggests a lack of market confidence in the short term. Overall, while there are positive indicators for long-term growth, the recent price movements reflect a challenging environment for Indo Amines Ltd.