Why is Indo Euro Indch. falling/rising?

As of 27-Oct, Indo Euro Indchem Ltd is experiencing a decline in its stock price, currently at Rs 12.35, which reflects a decrease of Rs 1.5 or 10.83%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 12.91%. Today, it opened with a loss of 2.53% and reached an intraday low of Rs 12.18. The stock has shown high volatility, with an intraday volatility of 5.14%, and has traded in a wide range of Rs 1.32. Additionally, the stock's performance over the past year shows a significant decline of 26.58%, contrasting sharply with the Sensex's gain of 6.77% during the same period. Notably, investor participation has decreased, with delivery volume dropping by 54.81% compared to the five-day average.
Broader Market Context: In the short term, Indo Euro Indchem Ltd has underperformed against the benchmark, with a one-week return of -1.20% compared to the Sensex's gain of 0.49%. This trend of underperformance is evident in the year-to-date figures, where the stock has declined by 23.72% while the Sensex has increased by 8.50%. The broader market context suggests that while the overall market is experiencing gains, Indo Euro Indchem Ltd is struggling, which may be contributing to the negative sentiment surrounding the stock.