Why is IOL Chemicals falling/rising?

As of 04-Jul, IOL Chemicals & Pharmaceuticals Ltd is currently priced at 93.63, reflecting a slight increase of 0.13 (0.14%). The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite a recent drop in investor participation, with delivery volume falling by 48.63% against the 5-day average, the stock has outperformed its sector by 0.3%. Over the past month, the stock has risen by 7.99%, significantly outperforming the Sensex, which increased by 3.01%. Additionally, the company has reported strong financial results, with net sales and operating profit reaching their highest levels, contributing positively to investor sentiment.
In the broader market context, while IOL Chemicals has experienced a decline of 3.97% over the past week, this is in contrast to the Sensex, which fell by only 0.74%. Year-to-date, the stock has shown a robust increase of 15.19%, compared to the Sensex's 6.77% gain, indicating a strong performance relative to the market. However, the stock's long-term performance over three years has lagged behind the benchmark, with a 42.14% increase compared to the Sensex's 56.73%. This mixed performance suggests that while the stock is currently experiencing a positive movement, its longer-term outlook may require further evaluation.