Why is Ishan Dyes falling/rising?

As of 11-Nov, Ishan Dyes and Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 72.58, which reflects a decrease of Rs 1.32 or 1.79%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.28%. Today, it opened with a significant loss of 4.06% and reached an intraday low of Rs 70.21. Additionally, the stock's delivery volume has decreased by 13.89% compared to the 5-day average, indicating a drop in investor participation. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, suggesting a short-term weakness.
In the broader market context, the stock's performance over the past week shows a decline of 5.02%, contrasting with the Sensex, which has gained 0.49% during the same period. Over the last month, Ishan Dyes has fallen by 10.28%, while the Sensex has increased by 1.66%. Despite a strong year-to-date performance of 33.57% compared to the Sensex's 7.34%, the recent short-term trends indicate a struggle for the stock amidst broader market gains. This combination of declining short-term returns and reduced investor interest contributes to the current downward movement in Ishan Dyes' stock price.