Why is Ishan Dyes falling/rising?

As of 27-Jun, Ishan Dyes and Chemicals Ltd is currently priced at 56.72, reflecting a decrease of 0.09 or 0.16%. The stock has recently underperformed its sector by 2.3% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this, Ishan Dyes is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some positive momentum. Over the past week, the stock has gained 27.17%, although it has generated a negative return of 3.34% over the past year. The company has shown an impressive profit increase of 86% despite its recent stock performance, and it is trading at a discount compared to its peers, which could suggest attractive valuation metrics. However, the long-term fundamentals are weak, with a significant decline in operating profits over the last five years and a low return on equity, contributing to the stock's recent downward movement.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 2.00% over the past week. However, the stock has consistently underperformed against the benchmark over the last three years, which may weigh on investor sentiment. The dyes and pigments sector has seen a gain of 2.13%, indicating some positive movement in the industry, but Ishan Dyes' recent performance suggests that it is struggling to capitalize on this broader sector trend. Overall, while there are some positive indicators, the combination of weak long-term fundamentals and recent underperformance against the sector and benchmarks contributes to the stock's current decline.