Why is Indo Borax & Ch. falling/rising?

As of 08-Aug, Indo Borax & Chemicals Ltd is experiencing a decline in its stock price, currently at 266.10, which represents a decrease of 11.75 or 4.23%. The stock has been underperforming, having lost 8.89% over the last four days, and today it opened with a gain of 2.57% but quickly fell to a low of Rs 263.05. Despite touching an intraday high of Rs 288.8, the stock's performance today has been characterized by high volatility, with an intraday fluctuation of 6.39%. Additionally, the delivery volume has significantly decreased by 69.78% compared to the five-day average, indicating falling investor participation. Over the longer term, the stock has shown strong performance with a year-to-date increase of 47.67% and a five-year increase of 622.02%, but the recent trend suggests a shift in sentiment.
In the broader market context, Indo Borax's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.92% over the past week while Indo Borax has fallen by 5.50%. This underperformance relative to the benchmark, combined with the recent consecutive days of decline, suggests that investor sentiment may be shifting negatively despite the stock's strong historical performance. The overall market conditions appear to be impacting Indo Borax's stock price, as it continues to face challenges in maintaining investor interest amid high volatility and reduced trading volume.