Why is Indokem falling/rising?

As of 20-Jun, Indokem Ltd's stock price is currently at Rs 233.20, reflecting a decrease of Rs 11.85 or 4.84%. The stock has underperformed its sector by 4.7% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 5.2%. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable 136.97% increase over the past year and a staggering 2889.74% rise over the last five years. The company has reported significant growth in operating profit and net sales, with positive results declared for the last three consecutive quarters, which suggests underlying strength despite the current price drop.
In the broader market context, the stock's short-term performance has lagged behind the Sensex, which has gained 1.59% over the past week, while Indokem has declined by 2.63%. This contrast highlights the stock's recent struggles despite its long-term outperformance against the benchmark indices. Additionally, a notable decrease in investor participation, with delivery volume falling by 55.76% compared to the five-day average, may indicate waning interest, contributing to the stock's current decline. Overall, while the company has demonstrated strong growth metrics, the recent price movement reflects short-term challenges in market sentiment and trading activity.