Why is Ishan Dyes falling/rising?

As of 04-Jul, Ishan Dyes and Chemicals Ltd is currently priced at 59.60, reflecting a decrease of 0.65, or 1.08%. The stock has been underperforming, having fallen for the last two days with a total decline of 3.99%. Despite this recent downturn, the stock has shown strong performance over the past month, gaining 54.40%, while also trading above its moving averages across various time frames. However, there is a notable decline in investor participation, with delivery volume dropping by 68.94% compared to the five-day average. While the company has an attractive valuation and has seen a significant profit increase of 86% over the past year, it also faces challenges such as weak long-term fundamental strength and low profitability per unit of shareholders' funds.
In the broader market context, Ishan Dyes has outperformed the Sensex in the short term, with a one-week return of 5.08% compared to the benchmark's decline of 0.74%. This indicates that, despite its recent price drop, the stock has been performing well relative to the market. However, the company's long-term growth prospects are concerning, as indicated by a negative CAGR growth in operating profits over the last five years and low returns on equity. These mixed signals contribute to the stock's volatility, as it navigates both positive valuation metrics and significant operational challenges.