Why is Sumitomo Chemi. falling/rising?

As of 09-Jul, Sumitomo Chemical India Ltd is currently priced at 548.45, reflecting a decrease of 3.55 points or 0.64%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.11%. Despite this short-term drop, the stock has shown positive performance over longer periods, with a 1-year return of 11.55%, significantly outpacing the broader market's return of 1.43%. Additionally, the stock is trading above its moving averages across various time frames, indicating a generally strong trend. The recent increase in delivery volume by 17.83% suggests rising investor participation, particularly from institutional investors who have increased their stake by 1.22% in the last quarter, reflecting confidence in the company's fundamentals.
Broader Market Context: In the context of the market, Sumitomo Chemical's short-term performance contrasts with the Sensex, which has only seen a slight increase of 0.15% over the past week. While the stock has underperformed its sector today, its overall returns in the past month and year indicate a strong market-beating performance. The company's high management efficiency, evidenced by a return on equity of 19.61% and a low debt-to-equity ratio, further supports its resilience in a fluctuating market. However, the recent price decline may reflect short-term market volatility rather than a fundamental weakness in the company's performance.