Why is IOL Chemicals falling/rising?

As of 28-Aug, IOL Chemicals & Pharmaceuticals Ltd is currently priced at 90.90, reflecting a decrease of 1.2 points or 1.3%. The stock has been on a downward trend, experiencing consecutive falls for the last four days and a total decline of 7.43% over the past week. Despite this recent downturn, the stock has outperformed its sector by 0.39% today. Additionally, while the stock's performance over the year shows a modest gain of 2.85%, it has significantly underperformed over the last five years with a decline of 46.06%. The company maintains a low debt-to-equity ratio, which is a positive factor, and there has been an increase in institutional investor participation, suggesting a potential for stability despite the recent price drop.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark Sensex, which has declined by only 2.34% over the same week. This indicates that while the overall market is experiencing a downturn, IOL Chemicals is facing a sharper decline. The falling investor participation, as evidenced by a 16.7% drop in delivery volume compared to the five-day average, may also contribute to the stock's price pressure. Despite these challenges, the increase in institutional stakes could provide some support for the stock moving forward, as these investors typically have more resources to analyze the company's fundamentals.