Why is Indo Borax & Ch. falling/rising?

As of 21-Jul, Indo Borax & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 241.05, which reflects a decrease of Rs 4.95 or 2.01%. Today's price summary indicates that the stock has underperformed its sector by 1.64% and has fallen after six consecutive days of gains, touching an intraday low of Rs 237.95. Despite this recent downturn, the stock has shown strong performance over various periods, including a 20.34% increase over the past month and a remarkable 691.89% rise over the last five years. The company maintains a low debt-to-equity ratio, which is a positive factor, and has generated significant returns, outperforming the BSE500 in the long term as well as in the near term.
In the broader market context, the stock's performance over the past week has been positive at +2.38%, while the benchmark Sensex has remained nearly flat with a change of -0.06%. This indicates that Indo Borax & Chemicals Ltd has been performing better than the market in the short term. However, the recent price drop may reflect a natural correction after a period of strong gains, coupled with increased investor participation as evidenced by a rise in delivery volume. Overall, while the stock is currently facing a decline, its long-term performance remains robust compared to the broader market.