Why is Andhra Petrochem falling/rising?

As of 04-Sep, Andhra Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 49.90, which reflects a decrease of Rs 0.42 or 0.83%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.81% away from Rs 47.5. Over the past month, the stock has underperformed, with a return of -5.31%, while the benchmark Sensex has only declined by 0.37%. Year-to-date, Andhra Petrochemicals has seen a significant drop of 32.91%, contrasting sharply with the Sensex's gain of 3.30%. Notably, there has been a rise in investor participation, with delivery volume increasing by 27.51% against the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, while Andhra Petrochemicals has struggled, the Sensex has shown resilience with a slight positive return over the past week. This divergence highlights the stock's underperformance relative to the market. The liquidity of Andhra Petrochemicals appears adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.01 crore. However, the lack of available positive factors in the dashboard suggests that there are no significant catalysts to support a price recovery at this time, contributing to the stock's downward movement.