Why is Indokem falling/rising?

As of 24-Jul, Indokem Ltd's stock price is currently at 297.45, reflecting a decrease of 6.05, or 1.99%. The stock has been underperforming, having fallen for the last six consecutive days, resulting in a total decline of 11.37% during this period. Despite this short-term downturn, the company has shown strong financial performance in recent quarters, with a remarkable growth in operating profit of 757.38% and a net sales increase of 21.83%. However, the stock's delivery volume has significantly decreased, falling by 96.25% against the five-day average, indicating a drop in investor participation, which may contribute to the recent price decline.
In the broader market context, the stock's performance over the past week shows a decline of 9.56%, while the Sensex has only decreased by 0.09%, highlighting a significant underperformance relative to the benchmark. Despite the recent struggles, Indokem has demonstrated impressive long-term returns, outperforming the BSE500 over the last three years, one year, and three months. This contrast between long-term success and short-term challenges may lead investors to hold the stock, as its fundamentals remain strong despite the recent price drop.