Why is Ishan Dyes falling/rising?

As of 08-Jul, Ishan Dyes and Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 56.85, which reflects a decrease of Rs 1.84 or 3.14%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in an overall drop of 8.42% during this period. Additionally, the stock's performance today has underperformed its sector by 2.76%. Despite a strong return of 43.92% over the past month, the stock has shown a negative return of 0.72% over the past year and a significant decline of 37.11% over the last three years. The company has a low Return on Equity (ROE) of 6.54% and has faced 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, while the Sensex has shown a slight increase of 0.02% over the past week, Ishan Dyes has declined by 6.42% during the same period, highlighting its consistent underperformance against the benchmark. The stock's liquidity is relatively low, with a significant drop in delivery volume, which has decreased by 97.52% compared to the five-day average. This lack of investor participation, combined with the company's weak financial indicators and consistent underperformance against the BSE500, suggests a challenging environment for the stock, contributing to its current downward trend.