Why is Indokem falling/rising?

As of 23-Jun, Indokem Ltd's stock price is currently at Rs 228.00, reflecting a decrease of Rs 5.2 or 2.23%. The stock has been underperforming, having fallen for the last three consecutive days, with a total decline of 7.32% during this period. Today's performance indicates that it has underperformed its sector by 2.41%. Despite a strong long-term performance, including a 131.00% increase year-to-date and a remarkable 3102.25% rise over the past five years, the recent trend shows a decline, which may be influenced by falling investor participation, as evidenced by a 30.45% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting with Indokem's 7.22% decline during the same period. This indicates that while the market is relatively stable, Indokem is experiencing significant downward pressure. The company's strong financial results, including a 757.38% growth in operating profit and consistent positive performance over the last three quarters, suggest underlying strength; however, the recent price drop may reflect short-term market sentiment rather than long-term fundamentals.