Why is Atul falling/rising?

As of 07-Aug, Atul Ltd. is experiencing a decline in its stock price, currently at 6,610.10, reflecting a decrease of 37.8 points or 0.57%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total drop of 1.06%. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline of 13.48% over the past month and 17.75% over the past year, while its operating profit has decreased at an annual rate of 2.63% over the last five years. Despite having a low debt-to-equity ratio and high institutional holdings, which typically suggest stability, the company's poor long-term growth prospects and flat results in June have negatively impacted investor sentiment.
In the broader market context, Atul's short-term performance has been slightly better than the benchmark, outperforming the Sensex by 0.54% today. However, the stock has consistently underperformed against the benchmark over the last three years, with a return of -17.75% compared to the Sensex's positive return of 1.45% in the same period. This consistent underperformance, combined with falling investor participation and liquidity concerns, suggests a lack of confidence among investors, contributing to the stock's downward trajectory.