Why is AksharChem (I) falling/rising?

As of 24-Sep, AksharChem (India) Ltd is experiencing a decline in its stock price, currently at 263.45, reflecting a decrease of 1.0 or 0.38%. The stock has been on a downward trend, having fallen for the last three days with a total decline of 1.88%. Despite outperforming its sector by 0.36% today, the stock's performance over the past week shows a loss of 4.17%, and it has underperformed against the benchmark Sensex over the last year with a return of -20.42%. While the company has reported positive results in the last three quarters, including a significant increase in profits and sales, it also faces challenges such as weak long-term fundamental strength and consistent underperformance against broader market indices.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has seen a slight decline of 1.18% over the past week. This underperformance is indicative of the stock's struggles, particularly over the last three years, where it has consistently lagged behind the benchmark. Although the company has attractive valuation metrics and has shown profit growth, the negative sentiment surrounding its long-term profitability and growth prospects may be contributing to the current decline in stock price.