Why is Sumitomo Chemi. falling/rising?

As of 01-Aug, Sumitomo Chemical India Ltd is experiencing a decline in its stock price, currently at Rs 630.45, which reflects a decrease of Rs 17.7 or 2.73%. The stock has underperformed its sector by 0.77% today and has been on a downward trend for the last two days, with a total drop of 3.42% during this period. Despite this recent decline, the stock has shown strong performance over the past month, with a return of 21.45%, and has outperformed the benchmark Sensex, which has fallen by 3.70% in the same timeframe. However, the stock's delivery volume has decreased by 9.91% against the 5-day average, indicating falling investor participation, which may contribute to the current price drop.
Broader Market Context: In the short term, Sumitomo Chemical's performance contrasts with the benchmark, as it has gained 7.95% over the past week while the Sensex has declined by 1.06%. This suggests that while the stock has been performing well relative to the market, the recent price drop may be influenced by broader market conditions or investor sentiment. Additionally, the stock has demonstrated strong long-term performance, with a year-to-date return of 17.84% compared to the Sensex's 3.15%. Despite the recent decline, the company's high management efficiency and low debt-to-equity ratio indicate a solid foundation, which may support its recovery in the future.