Why is Indo Borax & Ch. falling/rising?

As of 28-Jul, Indo Borax & Chemicals Ltd is currently priced at 277.85, reflecting a decrease of 12.5 points or 4.31%. The stock has recently underperformed its sector, with a performance drop of 3.62% today. It has been on a downward trend for the last two days, accumulating a total decline of 5.04%. Despite reaching a new 52-week high of Rs. 302 earlier today, the stock opened with a loss of 4.41% and traded within a wide range of Rs. 28.1, indicating volatility. However, it is noteworthy that the stock has shown strong long-term performance, with a 54.19% increase year-to-date and a remarkable 792.26% rise over the past five years. The company maintains a low debt-to-equity ratio, which is a positive indicator for investors.
In the broader market context, Indo Borax has significantly outperformed the benchmark Sensex in both the short and long term, with a 15.27% increase over the past week compared to a decline of 1.59% for the index. This strong relative performance highlights the stock's resilience despite its recent price drop. The stock's liquidity remains adequate, with increased investor participation reflected in a 29.78% rise in delivery volume against the five-day average. Overall, while the stock is currently experiencing a decline, its historical performance and low debt levels suggest potential for recovery in the future.