Why is Innocorp falling/rising?

As of 17-Jul, Innocorp Ltd's stock price is currently at 5.52, reflecting a decrease of 0.15, or 2.65%. The stock has been underperforming, having fallen for the last three days with a total decline of 3.33% during this period. Additionally, the stock's performance today has underperformed its sector by 3.25%. While the stock has shown positive returns over longer periods, such as a 4.74% increase over the past month and a 7.39% increase over the past year, it has also experienced a significant decline of 13.34% over the past three years. Notably, there has been a drastic drop in investor participation, with delivery volume falling by 97.39% against the five-day average, indicating a lack of interest among investors.
Broader Market Context: In comparison to the benchmark, the Sensex has shown a decline of 1.12% over the past week, while Innocorp's stock has increased by 0.36% during the same timeframe, suggesting that it has outperformed the broader market recently. However, the stock's year-to-date performance of 3.56% lags behind the Sensex's 5.27% gain, indicating that while it has had some positive momentum, it is still struggling to keep pace with the overall market. The combination of declining investor participation and recent price drops may contribute to a cautious outlook for Innocorp in the near term.