Why is IOL Chemicals falling/rising?

As of 31-Oct, IOL Chemicals & Pharmaceuticals Ltd's stock price is currently at 92.75, reflecting a decrease of 0.6, or 0.64%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.96%. Additionally, the stock's performance over the past month shows a significant drop of 13.20%, while it has outperformed the market over the past year with a return of 15.63%. However, the stock is currently trading lower than its 5-day, 20-day, 50-day, and 100-day moving averages, despite being higher than the 200-day moving average. The falling investor participation, indicated by a 29.09% decrease in delivery volume compared to the 5-day average, suggests waning interest among investors.
In the broader market context, the stock's short-term performance has been relatively weak compared to the benchmark, as it has declined by 0.16% over the past week while the Sensex has decreased by only 0.32%. This underperformance is compounded by the stock's recent trend of falling returns, which contrasts with its strong long-term performance, particularly over the past year and three years. Despite the company's low debt-to-equity ratio indicating financial stability and its ability to generate market-beating returns over the last year, the current market conditions and declining trading activity may be contributing to the stock's recent downward movement.