Why is Anik Industries falling/rising?

As of 30-Sep, Anik Industries Ltd is experiencing a decline in its stock price, currently at Rs 62.43, which reflects a decrease of Rs 1.96 or 3.04%. The stock has hit a new 52-week low of Rs 61.21 today and has underperformed its sector by 3.18%. Over the past week, the stock has fallen by 8.75%, and its year-to-date performance shows a significant decline of 45.83%. Despite declaring positive results for the last four consecutive quarters, including a 44.14% growth in net sales, the company's long-term fundamentals are weak, with a -17.09% CAGR growth in net sales over the last five years and a low return on equity of 1.21%. Additionally, the stock is trading at a premium compared to its peers, which may deter investors.
In the broader market context, the Sensex has only declined by 2.23% over the past week, indicating that Anik Industries is underperforming relative to the market. The stock's recent performance is further exacerbated by falling investor participation, with delivery volume decreasing by 13.34% against the five-day average. This lack of interest, combined with the stock's consecutive falls and poor liquidity, suggests a challenging environment for Anik Industries, leading to its current price decline.