Why is Indo Rama Synth. falling/rising?

As of 12-Jun, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at Rs 49.54, which reflects a decrease of Rs 1.45 or 2.84%. The stock has underperformed its sector by 1.83% today and has been on a downward trend for the last three days, resulting in a total decline of 7.37%. Despite reaching an intraday high of Rs 52.26, the stock has also seen significant trading volume closer to its low price of Rs 49.5. Over the past week, the stock has decreased by 1.49%, while it has shown a positive return of 28.58% over the past month. The company has reported impressive growth in net profit and positive results in the last two quarters, but the recent drop in investor participation, with delivery volume falling by 63.91% against the 5-day average, may be contributing to the current price decline.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.31% over the past week. While Indo Rama Synthetics has generated a return of 14.28% over the past year, significantly outperforming the market's 4.18%, its recent struggles may reflect broader market sentiments or sector-specific challenges. The stock's attractive valuation and strong financial metrics, such as a high return on capital employed and a favorable inventory turnover ratio, suggest potential for recovery; however, the current negative momentum and declining investor interest are likely weighing on its price.