Why is Indo Rama Synth. falling/rising?

As of 29-Aug, Indo Rama Synthetics (India) Ltd is experiencing a slight decline in its stock price, currently at 50.89, down by 0.11 or 0.22%. The stock has outperformed its sector by 0.5% today, although it is trading lower than its 5-day and 20-day moving averages while remaining above the 50-day, 100-day, and 200-day moving averages. Despite a year-to-date return of 23.22% and a one-year return of 5.58%, the stock has seen a recent decline of 5.06% over the past week, which contrasts with the broader market's decline of 1.84% in the same period. The company has reported strong financial results, including an 8.95% growth in net sales and a significant increase in profit before tax, but a drop in delivery volume by 25.2% suggests a decrease in investor participation.
Broader Market Context: The stock's recent performance is notably better than the benchmark, as it has generated a return of 5.58% over the past year while the broader market (BSE500) has seen negative returns of 5.40%. This indicates that despite the current decline, Indo Rama Synthetics has managed to maintain a relatively strong position compared to the overall market. However, the falling investor participation and recent price drop may reflect market sentiment that could be influenced by broader economic factors or investor behavior, which could be causing caution among traders despite the company's positive financial indicators.