Why is Ishan Dyes falling/rising?

As of 11-Jul, Ishan Dyes and Chemicals Ltd is experiencing a price increase, currently at 58.05, reflecting a change of 0.3 or 0.52% upward. The stock has shown a positive performance today, outperforming its sector by 1.26% and has gained consecutively over the last two days, resulting in a total return of 5.55% during this period. Despite a recent decline of 2.60% over the past week, the stock has performed well over the last month with a return of 27.50%. The company is trading at a discount compared to its peers, with a favorable PEG ratio of 0.3 and an attractive valuation indicated by a ROCE of 2.2. However, it is important to note that the stock has a weak long-term fundamental strength, with a -12.97% CAGR growth in operating profits over the last five years.
In the broader market context, the Sensex has decreased by 1.12% over the past week, indicating that Ishan Dyes has outperformed the benchmark during this timeframe. While the stock has shown positive returns year-to-date at 6.83%, it lags behind the Sensex's return of 5.58% in the same period. The stock's liquidity remains adequate for trading, although there has been a significant drop in delivery volume, which fell by 80.78% against the 5-day average. This decline in investor participation could signal caution among investors despite the recent price increase.