Why is Indokem falling/rising?

As of 23-Sep, Indokem Ltd's stock price is currently at 518.35, reflecting a decrease of 10.55 points or 1.99%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 7.74% during this period. Despite this recent downturn, the company has demonstrated strong long-term growth, with an annual operating profit increase of 83.24%. Additionally, the company has reported positive results over the last four quarters, including a 24.64% growth in net sales and a higher profit after tax of Rs 4.51 crore. The stock has also outperformed the BSE500 index over various time frames, including a remarkable 536.01% return over the past year.
In the broader market context, Indokem's short-term performance has underperformed the benchmark, with a 5.90% decline over the past week compared to a modest 0.34% drop in the Sensex. While the stock's recent performance has been negative, it remains liquid enough for trading, with a delivery volume increase of 19.02% against the five-day average. The stock's moving averages indicate that it is trading higher than the 20, 50, 100, and 200-day moving averages, but lower than the 5-day moving average, suggesting some volatility. Overall, while the stock has shown strong long-term potential, the recent price decline may be attributed to short-term market pressures and investor sentiment.