Why is IOL Chemicals falling/rising?

As of 29-Jul, IOL Chemicals & Pharmaceuticals Ltd is experiencing a price increase, with the current price at 93.35, reflecting a change of 0.88 or 0.95% upward. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent drop of 2.48% over the past week and 4.26% over the past month, the stock has performed well year-to-date with a return of 14.85%. Key financial metrics indicate positive performance, with the highest quarterly net sales and operating profit margins reported. Additionally, institutional investors have increased their stake, suggesting growing confidence in the company's fundamentals.
In the broader market context, while the stock has outperformed the sector by 0.53% today, it has still faced challenges compared to the benchmark Sensex, which has declined by 1.03% over the past week. The stock's performance over the last year shows a gain of 9.41%, contrasting with the negative returns of -2.26% from the broader market (BSE500). However, the stock's liquidity remains adequate, and the low debt-to-equity ratio supports its stability, contributing to a more favorable outlook despite recent volatility.