Why is Ishan Dyes falling/rising?

As of 03-Jul, Ishan Dyes and Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 60.25, down by Rs 1.83 or 2.95%. Today's price summary indicates that the stock has underperformed its sector by 2.27% and has fallen after three consecutive days of gains. The stock reached an intraday high of Rs 63.6 but also touched a low of Rs 59.66, with more volume traded closer to the low price. Despite this decline, the stock has shown strong performance over the past month with a return of 51.00%, although it has a weak long-term fundamental strength indicated by a -12.97% CAGR growth in operating profits over the last five years.
In the broader market context, Ishan Dyes has outperformed the Sensex over the past week, gaining 6.06% compared to the benchmark's decline of 0.62%. However, the stock's long-term performance has been lackluster, with a 3Y return of -36.48% versus the Sensex's 57.33%. The company has attractive valuation metrics, such as a low PEG ratio of 0.3 and a return on equity of 6.54%, but these are overshadowed by weak profitability and low operating profit relative to interest expenses. The majority of shareholders are non-institutional, which may also impact stock stability.