Why is AksharChem (I) falling/rising?

As of 23-Sep, AksharChem (India) Ltd is experiencing a decline in its stock price, currently at 264.45, which reflects a decrease of 2.6 points or 0.97%. The stock has been losing value for the last two days, with a total drop of 0.61% during this period. Additionally, the stock's performance over the past week shows a decline of 0.97%, while its one-month return is down by 5.06%. The stock is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 30.4% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 0.34% over the past week. Year-to-date, AksharChem has underperformed significantly, with a drop of 12.40%, while the Sensex has gained 5.07%. Over the past year, the stock has decreased by 22.12%, compared to a smaller decline of 3.33% in the Sensex. This underperformance relative to the market may be contributing to the negative sentiment surrounding the stock, as investors may be favoring other opportunities that are yielding better returns.