Why is Ishan Dyes falling/rising?

As of 19-Nov, Ishan Dyes and Chemicals Ltd has experienced a slight increase in its stock price, currently at 70.50, reflecting a change of 0.5 or 0.71% upwards. The stock has shown a mixed performance in recent periods, with a 1-month return of +0.89% and a year-to-date return of +29.74%, significantly outperforming the Sensex, which has returned +1.47% and +9.02% respectively over the same periods. However, the stock's performance today has been noted as outperforming its sector by 1.16%. Despite this positive movement, there has been a concerning drop in investor participation, with delivery volume on 18 Nov falling by -82.61% compared to the 5-day average, indicating a potential decline in interest among investors.
Broader Market Context: In the short term, Ishan Dyes has underperformed the benchmark Sensex, which has gained +0.85% over the past week, while the stock has seen a negligible change of -0.04%. This suggests that while the stock has had strong year-to-date and yearly returns, its recent performance has not kept pace with the broader market. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages, indicating mixed technical signals. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, which allows for trades of Rs 0.01 crore.