Why is Ultramarine Pig. falling/rising?

As of 24-Jul, Ultramarine & Pigments Ltd is experiencing a decline in its stock price, currently at Rs 582.85, which reflects a decrease of Rs 11.65 or 1.96%. Today's performance indicates that the stock has underperformed its sector by 2.92%, with an intraday low of Rs 575, marking a drop of 3.28%. Despite this, the stock has shown strong performance over the past week, month, year-to-date, and year, with returns of 4.07%, 14.90%, 8.92%, and 30.68%, respectively. The company has reported positive financial results over the last four quarters, including a 28.02% growth in net sales and a healthy cash position, which supports its valuation. However, the stock's recent decline may be influenced by falling investor participation, as evidenced by a 16.53% drop in delivery volume compared to the five-day average.
In the broader market context, Ultramarine & Pigments Ltd has outperformed the Sensex, which has shown a slight decline of 0.09% over the past week. The company's long-term performance remains strong, with a 69.90% return over three years compared to the benchmark's 46.57%. However, concerns about poor long-term growth, indicated by a modest annual operating profit growth rate of 9.05% over the last five years, and the lack of domestic mutual fund investment may contribute to investor caution. This combination of strong recent performance and underlying risks may explain the current downward movement in the stock price.