Why is IOL Chemicals falling/rising?

As of 03-Jul, IOL Chemicals & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at Rs 93.50, which reflects a decrease of 2.26 or 2.36%. The stock has been underperforming, having fallen for four consecutive days, resulting in a total decline of 4.1% during this period. Today's trading saw the stock reach an intraday low of Rs 93.15, and the volume traded was notably lower than average, with a 43.31% drop in delivery volume compared to the five-day average. Despite positive financial results reported in March, including record net sales and operating profit margins, the stock's performance over the past week shows a decline of 1.44%, contrasting with a 0.62% drop in the Sensex.
In the broader market context, while IOL Chemicals has shown a year-to-date return of 15.03%, significantly outperforming the Sensex's 6.53%, its recent short-term performance has been less favorable. The stock's decline over the past week indicates a divergence from the benchmark, which may reflect investor sentiment and participation trends. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume suggests a decrease in investor interest, which could be contributing to the current downward price movement.