Why is IOL Chemicals falling/rising?

As of 25-Aug, IOL Chemicals & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at Rs 94.70, which reflects a decrease of Rs 2.45 or 2.52%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.56% during this period. Additionally, the stock's performance today has underperformed its sector by 2.15%. Despite showing positive returns over the past week and month, with increases of 0.53% and 0.51% respectively, the stock has significantly underperformed over the longer term, with a 5-year return of -46.05%. The recent drop in delivery volume by 21.37% against the 5-day average indicates falling investor participation, which may contribute to the stock's downward trend.
In the broader market context, the Sensex has shown a slight increase of 0.45% over the past week, suggesting that the overall market sentiment remains somewhat positive. However, IOL Chemicals' short-term performance is lagging behind the benchmark, which could be a factor in its recent price decline. While there is an increase in institutional investor participation, with a 1.08% rise in their stake, the overall liquidity remains adequate for trading, indicating that the stock is still accessible. The company's low debt-to-equity ratio may provide some stability, but the recent negative price movements and declining investor interest could overshadow these positive aspects in the short term.