Why is IOL Chemicals falling/rising?

As of 01-Sep, IOL Chemicals & Pharmaceuticals Ltd is experiencing a price increase, currently at Rs 93.14, which reflects a rise of 2.49 (2.75%). The stock has shown a trend reversal by gaining after five consecutive days of decline, reaching an intraday high of Rs 95.61. Despite a recent underperformance over the past week and month, where the stock fell by 1.65% and 7.14% respectively, it has outperformed its sector today by 1.95%. The company has a low debt-to-equity ratio, which is favorable, and there has been an increase in institutional investor participation, with a 1.08% rise in their stake over the previous quarter. This suggests a growing confidence among more sophisticated investors regarding the company's fundamentals.
In the broader market context, the stock's performance contrasts with the benchmark, as it has generated a return of 5.73% over the past year while the BSE500 index has declined by 4.75%. This indicates that, despite recent volatility, IOL Chemicals has managed to maintain a positive return in a challenging market environment. However, the stock's liquidity appears to be decreasing, as evidenced by a significant drop in delivery volume. Overall, while the stock is currently rising, it faces challenges in terms of short-term performance relative to the benchmark and declining investor participation.