Why is IOL Chemicals falling/rising?

As of 04-Sep, IOL Chemicals & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at 98.08, which reflects a decrease of 3.26 points or 3.22%. The stock has underperformed its sector by 2.33% today and has shown a trend reversal after three consecutive days of gains, touching an intraday low of Rs 97.69. Despite this drop, the stock has performed well over the year, generating a return of 6.20% compared to the negative return of -1.98% from the Sensex. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this decline. The recent increase in delivery volume by 536.25% suggests rising investor participation, particularly from institutional investors who have increased their stake by 1.08% in the last quarter.
In the broader market context, while IOL Chemicals has seen a 7.90% increase over the past week, the benchmark Sensex has only risen by 0.80%, indicating that the stock has been outperforming the market recently. However, the stock has faced a decline over the past month, with a return of -3.65% compared to the Sensex's -0.37%. This suggests that while the stock has had strong performance in the longer term, recent short-term movements have been negative, influenced by market dynamics and profit-taking after previous gains. Overall, the combination of recent price declines, sector underperformance, and the context of institutional investment suggests a cautious outlook for IOL Chemicals at this time.