Why is J.G.Chemicals falling/rising?

As of 06-Aug, J.G.Chemicals Ltd is experiencing a decline in its stock price, currently at 477.35, which reflects a decrease of 6.9 points or 1.42%. The stock has underperformed its sector by 1.51% today and has been on a consecutive decline for the last two days, resulting in a total drop of 2.59% during this period. Additionally, the stock touched an intraday low of Rs 465, marking a significant decrease of 3.98%. The delivery volume has also seen a sharp decline of 65.29% compared to the 5-day average, indicating falling investor participation. Despite this, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. The performance over the past month shows a positive return of 3.78%, contrasting with the benchmark Sensex, which has declined by 3.46%.
In the broader market context, J.G.Chemicals' short-term performance has been weaker compared to the Sensex, which has fallen by 1.15% over the past week while J.G.Chemicals has dropped by 5.00%. Year-to-date, however, the stock has outperformed the benchmark with a return of 17.86% compared to the Sensex's 3.08%. The recent price movements suggest that while the stock has shown strong performance over the longer term, the current short-term trends and declining investor interest are contributing to its recent price drop.