Why is IOL Chemicals falling/rising?

As of 05-Sep, IOL Chemicals & Pharmaceuticals Ltd is currently priced at 97.25, reflecting a decrease of 0.83, or 0.85%. The stock has been experiencing a decline, having fallen consecutively for the last two days, resulting in a total drop of 4.04% during this period. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer timeframe. Additionally, the stock has shown a year-to-date increase of 19.65%, outperforming the Sensex, which has only risen by 3.29%. The recent increase in institutional investor participation, with a 1.08% rise in their stake, suggests a growing confidence in the company's fundamentals, which may help stabilize the stock despite its current decline.
In the broader market context, IOL Chemicals has outperformed the Sensex over the past week, with a return of 7.28% compared to the benchmark's 1.13%. However, the stock's performance over the last month shows a slight decline of 0.31%, while the Sensex remained flat. The liquidity of the stock is also favorable, with a delivery volume increase of 26.08% against the 5-day average, indicating active trading interest. Overall, while the stock is currently facing a short-term decline, the positive factors such as low debt levels and increased institutional interest may provide a supportive backdrop for future performance.