Why is Archean Chemical falling/rising?

As of 18-Sep, Archean Chemical Industries Ltd is experiencing a decline in its stock price, currently at Rs 695.25, which reflects a decrease of Rs 19.75 or 2.76%. Today's performance indicates that the stock has underperformed its sector by 2.26%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 687.55, and trading volume has decreased significantly, with delivery volume falling by 30.03% compared to the 5-day average. Despite some positive factors such as high management efficiency and low debt levels, the company has reported poor long-term growth, with negative results for the last six consecutive quarters and a significant decline in operating profit.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.32%, while the benchmark Sensex has increased by 1.80%. This underperformance highlights the challenges faced by Archean Chemical in comparison to the overall market. Although the company has high institutional holdings, which could provide some stability, the negative trends in sales and profit growth, along with a high valuation relative to its earnings, contribute to the stock's downward movement. Overall, the combination of poor financial results and declining investor participation suggests a challenging environment for the stock.