Why is Ishan Dyes falling/rising?

As of 07-Jul, Ishan Dyes and Chemicals Ltd is experiencing a decline in its stock price, currently at 58.69, which reflects a decrease of 0.91 or 1.53%. The stock has underperformed its sector by 1.2% today and has been on a downward trend for the last three days, accumulating a total loss of 5.46% during this period. Despite a positive performance over the past month with a return of 48.58%, the stock's recent movement is concerning, particularly given the significant drop in delivery volume by 73.56% compared to the 5-day average. While the company has shown an attractive valuation with a low PEG ratio of 0.3 and a notable profit increase of 86% over the past year, it also faces challenges such as weak long-term fundamental strength, highlighted by a -12.97% CAGR growth in operating profits over the last five years.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 0.14% over the past week while the Sensex has decreased by 0.20%. Although Ishan Dyes has outperformed the benchmark in the short term, the overall sentiment appears to be negative due to falling investor participation and liquidity concerns. The stock's current price is trading at a discount compared to its peers, yet the low return on equity of 6.54% indicates limited profitability, which may be contributing to investor apprehension. Overall, the combination of recent price declines, weak long-term fundamentals, and reduced trading activity suggests a cautious outlook for Ishan Dyes and Chemicals Ltd.