Why is Archean Chemical falling/rising?

As of 17-Nov, Archean Chemical Industries Ltd is experiencing a decline in its stock price, currently at 603.70, which reflects a decrease of 24.9 points or 3.96%. The stock has underperformed its sector by 4.31% today and has been on a downward trend for the last three days, accumulating a total loss of 4.58% during this period. Additionally, the stock opened with a loss of 2% and reached an intraday low of Rs 600.85. Over the past week, the stock has declined by 4.39%, and its year-to-date performance shows a significant drop of 9.88%. The company has reported negative results for the last six consecutive quarters, with a decline in operating profit and net sales, contributing to its poor long-term growth outlook. Despite having high management efficiency and low debt, the stock's valuation appears expensive relative to its earnings, which may deter investors.
In the broader market context, Archean Chemical's recent performance contrasts sharply with the Sensex, which has gained 1.69% over the past week. This underperformance is indicative of broader investor sentiment, as the stock has lagged behind the benchmark index not only in the short term but also over the past month and year, with returns of -8.29% and -10.63%, respectively. The decline in investor participation, evidenced by a significant drop in delivery volume, further exacerbates the stock's challenges. Overall, the combination of poor financial results, high valuation concerns, and declining investor interest has led to the stock's downward trajectory.