Why is AksharChem (I) falling/rising?

As of 22-Sep, AksharChem (India) Ltd is currently priced at 269.00, reflecting a slight increase of 0.5 (0.19%). The stock has shown a positive movement over the last two days, gaining 0.37% during this period. However, it has underperformed its sector by 0.84% today. In terms of longer-term performance, the stock has declined by 10.90% year-to-date and 20.10% over the past year, despite the company reporting positive results in the last three consecutive quarters, including a significant rise in profits and sales. The stock is trading at a discount compared to its peers, which may attract some investors, but falling investor participation and lower delivery volumes indicate a lack of strong buying interest.
Broader market context shows that while the Sensex has gained 0.46% over the past week, AksharChem's stock has decreased by 0.33%, highlighting its underperformance relative to the benchmark. The broader market has shown positive returns, with a 1.05% increase over the past month, contrasting with AksharChem's decline of 3.43% in the same period. This divergence suggests that while the overall market sentiment may be improving, AksharChem is struggling to capitalize on this trend, which could be attributed to its recent performance metrics and investor sentiment.