Why is Indo Borax & Ch. falling/rising?

As of 08-Jul, Indo Borax & Chemicals Ltd is currently priced at 218.65, reflecting a decrease of 2.7, or 1.22%. The stock has recently experienced a trend reversal, falling after ten consecutive days of gains. Today's performance indicates that it underperformed its sector by 0.64%, and it touched an intraday low of Rs 213.35, which is a decline of 3.61%. Despite this recent drop, the stock has shown strong performance over longer periods, with a year-to-date return of 21.34% and a remarkable 730.26% increase over the last five years. The company maintains a low debt-to-equity ratio, which is a positive factor, but there has been a significant decline in investor participation, with delivery volume dropping by 48.47% compared to the five-day average.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.09%, while the benchmark Sensex has only increased by 0.02%. This indicates that Indo Borax has been outperforming the benchmark recently, although the current decline suggests a potential correction after a period of strong gains. The stock's liquidity remains adequate for trading, but the falling investor participation may signal caution among investors, which could be contributing to the recent price decline. Overall, while the stock has demonstrated strong long-term performance, the recent trend reversal and decreased trading activity may be influencing its current price movement.