Why is IOL Chemicals falling/rising?

As of 02-Jul, IOL Chemicals & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at 95.76, which represents a decrease of 0.97 or 1.0%. The stock has underperformed its sector by 0.4% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.07% during this period. Although the company reported positive financial results in March 2025, including the highest net sales and operating profit margins, the stock's recent performance has been affected by falling investor participation, as evidenced by a significant drop in delivery volume by 32.34% compared to the five-day average. Additionally, while the stock has shown positive returns over the past month and year, it has underperformed the benchmark Sensex in the short term, with a 1-week return of -1.24% compared to the Sensex's gain of 0.79%.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has seen a decline while the Sensex has experienced a slight increase. The stock's year-to-date performance remains strong at 17.81%, significantly outpacing the Sensex's 6.75% gain, indicating that while the stock has had a solid performance overall, its current decline may be attributed to short-term factors such as reduced trading activity and recent losses. The liquidity of the stock remains adequate for trading, but the combination of recent underperformance and declining investor interest suggests a cautious outlook in the immediate term.