Why is Sumitomo Chemi. falling/rising?

As of 24-Jul, Sumitomo Chemical India Ltd is experiencing a decline in its stock price, currently at 589.60, which reflects a decrease of 2.4 points or 0.41%. The stock has been underperforming, having lost 0.56% over the last two days and underperformed its sector by 0.26% today. Despite a strong performance over the past year with a return of 17.97%, significantly higher than the market's 0.99%, the stock has shown weakness in the short term, with a 1-week decline of 0.87%. Additionally, the stock's delivery volume has decreased by 50.71% compared to its 5-day average, indicating falling investor participation, which may contribute to the recent price drop.
In the broader market context, the Sensex has only slightly declined by 0.09% over the past week, suggesting that the stock's recent struggles are more company-specific rather than a reflection of the overall market trend. While the stock has outperformed the benchmark over longer periods, including a 10.21% gain year-to-date compared to the Sensex's 5.18%, the recent consecutive falls and lower trading volumes indicate a potential shift in investor sentiment. The company maintains a high management efficiency with a return on equity of 19.61% and a low debt-to-equity ratio, which are positive factors; however, the current market dynamics and declining participation may overshadow these strengths in the short term.