Why is Indo Rama Synth. falling/rising?

As of 14-Jul, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at Rs 49.92, which reflects a decrease of 1.88 (-3.63%). The stock has underperformed its sector by 3.11% today and has been on a downward trend for the last two days, accumulating a total drop of 4.88%. It opened with a loss of 2.51% and reached an intraday low of Rs 49, indicating significant selling pressure. Despite a positive long-term performance with a year-to-date increase of 20.87% and a 5-year return of 209.10%, the recent trading activity shows a decline in investor participation, with delivery volume dropping by 55.81% compared to the 5-day average. The stock remains above its longer-term moving averages but is below its 5-day moving average, suggesting a short-term weakness.
In the broader market context, Indo Rama Synthetics has outperformed the Sensex over the past week and month, with returns of 1.26% and 3.20%, respectively, while the Sensex has seen declines of 1.42% and an increase of only 1.40%. However, the recent price drop may be influenced by the falling investor participation and the stock's current performance compared to its historical valuations, despite the company reporting strong financial results, including a 275.79% growth in net profit and positive results over the last two quarters. The attractive valuation metrics, such as a high return on capital employed and a favorable inventory turnover ratio, indicate potential for recovery, but the immediate market sentiment appears to be negative, contributing to the stock's current decline.