Why is IOL Chemicals falling/rising?

As of 24-Sep, IOL Chemicals & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at 114.45, which reflects a decrease of 0.27 or 0.24%. The stock has been losing value for the last three days, resulting in a total drop of 4.9% during this period. Despite this recent downturn, the stock has shown strong performance over the past month with a return of 17.81%, and it has outperformed the benchmark Sensex in the last year with a gain of 13.08%. However, there has been a notable decrease in investor participation, with delivery volume falling by 56.77% compared to the five-day average, indicating reduced trading interest. The company's low debt-to-equity ratio and the increasing stake of institutional investors, which rose by 1.08% in the previous quarter, suggest a stable financial position and potential for future growth, although these factors have not prevented the recent price decline.
In the broader market context, the stock's short-term performance has been relatively in line with the benchmark, as both the stock and the Sensex have shown negative returns over the past week, with the stock down 1.09% compared to the Sensex's 1.18% decline. However, the stock's year-to-date performance of 40.81% significantly outpaces the Sensex's 4.58%, indicating that while the stock is currently facing short-term challenges, it has demonstrated strong resilience and growth potential in the longer term. This contrast highlights the stock's ability to outperform the market over extended periods, even as it navigates recent volatility.