Why is Indokem falling/rising?

As of 24-Sep, Indokem Ltd's stock price is currently at Rs 508.00, reflecting a decline of Rs 10.35 or 2.0%. The stock has been on a downward trend, having underperformed its sector by 1.26% today and experiencing a consecutive fall over the last five days, resulting in a total decline of 9.58% during this period. Despite this recent downturn, the company has shown strong long-term growth, with an annual operating profit growth rate of 83.24% and positive results for the last four consecutive quarters, including a 24.64% increase in net sales over the latest six months. However, the stock's liquidity has decreased, with delivery volume falling by 71.01% against the five-day average, which may contribute to the current price decline.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -9.58% compared to the Sensex's -1.18%. While Indokem has demonstrated impressive long-term returns, including a 540.52% increase over the past year, the recent price drop indicates a shift in investor sentiment, possibly influenced by the falling participation and liquidity. Overall, while the company has strong fundamentals and a history of outperforming the market, the current trend suggests that short-term challenges are impacting its stock price.