Why is Andhra Petrochem falling/rising?

As of 19-Sep, Andhra Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 58.86, which reflects a decrease of Rs 1.3 or 2.16%. Today's performance indicates that the stock has underperformed its sector by 3.05%, with an intraday low of Rs 58.3, marking a drop of 3.09%. Over the past week, the stock has shown a positive return of 3.55%, but it has significantly underperformed over the longer term, with a year-to-date decline of 20.87% and a one-year return of -39.44%. The company has reported negative results for the last four consecutive quarters, with a substantial annual decline in operating profit and net sales, which has contributed to a negative EBITDA and a high dividend yield of 0. Additionally, the falling investor participation, evidenced by a 51.42% drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, while the Sensex has shown a modest gain of 0.88% over the past week, Andhra Petrochemicals' short-term performance of 3.55% is notably better than the benchmark. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with a staggering decline of 39.44% in the past year compared to a slight decrease of 0.67% for the Sensex. The low stake held by domestic mutual funds, at only 0.04%, further indicates a lack of confidence in the company's prospects, which may be influencing the stock's current downward trend.