Why is Indo Rama Synth. falling/rising?

As of 18-Jul, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at Rs 50.80, which represents a decrease of 1.5 or 2.87%. The stock has underperformed its sector by 2.03% today and has fallen after three consecutive days of gains. It touched an intraday low of Rs 50.16, indicating a significant drop of 4.09%. Over the past week, the stock has decreased by 1.93%, although it has shown a positive return of 11.92% over the last month. Despite a strong performance in the past year, with an 11.11% return, the stock's recent movement is influenced by a decline in investor participation, as evidenced by a 2.64% drop in delivery volume against the five-day average.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 0.90% over the past week. While Indo Rama Synthetics has shown impressive growth in net profit and positive results over the last two quarters, the current price drop may reflect profit-taking after recent gains and a general market sentiment that has not favored the stock today. The company's attractive valuation and strong financial metrics, such as a high return on capital employed and inventory turnover ratio, suggest underlying strength; however, the recent price movement indicates a temporary setback in investor confidence.