Why is IOL Chemicals falling/rising?

As of 05-Aug, IOL Chemicals & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at Rs 97.55, which reflects a decrease of Rs 4.25 or 4.17%. The stock has underperformed its sector by 4.51% today, touching an intraday low of Rs 97, and showing a significant drop in delivery volume, which has fallen by 49.7% compared to the 5-day average. Despite having positive returns over the past week (+4.50%) and month (+4.19%), the stock's performance over the last five years is notably poor, down 34.97%, indicating a long-term struggle. The absence of specific positive or negative factors in the dashboard limits the analysis of the stock's recent movement.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has declined by 0.77% over the past week. While IOL Chemicals has shown resilience with a year-to-date return of 20.02% compared to the Sensex's 3.29%, the current price drop suggests that investor sentiment may be shifting negatively, particularly given the falling investor participation and the stock's liquidity status. Overall, the combination of underperformance today and declining trading volume may be contributing to the stock's current downward trend.