Why is Vishnu Chemicals falling/rising?

As of 28-Aug, Vishnu Chemicals Ltd is currently priced at 495.60, reflecting a decline of 4.55 points or 0.91%. The stock has been under pressure, having fallen consecutively for the last three days, resulting in a total drop of 3.96% during this period. Despite opening with a gain of 3.3% today and reaching an intraday high of Rs 516.65, the overall performance has been impacted by a decrease in investor participation, as evidenced by a 34.55% drop in delivery volume compared to the five-day average. Over the past year, the stock has outperformed the market with a return of 21.77%, while the broader market has seen negative returns. The company's strong management efficiency, healthy long-term growth, and increasing institutional investor participation suggest a solid foundation, yet the recent price movement indicates a struggle against short-term selling pressure.
In the broader market context, Vishnu Chemicals has shown a relatively better performance compared to the benchmark, with a 1-week return of -1.93% against the Sensex's -2.34%. This indicates that while the stock is experiencing a decline, it is not as severe as the overall market trend. The stock's year-to-date performance of +24.65% significantly outpaces the Sensex's +2.48%, highlighting its resilience in a challenging market environment. However, the recent consecutive declines and falling investor participation may reflect short-term market sentiment that could be affecting its price negatively, despite the underlying positive factors that support its long-term growth potential.