Why is Atul falling/rising?

As of 12-Aug, Atul Ltd. is experiencing a decline in its stock price, currently at Rs 6,446.50, reflecting a decrease of Rs 145.0 or 2.2%. The stock has underperformed its sector by 1.38% today and has been on a downward trend for the last two days, with a total drop of 2.77% during this period. Additionally, the stock has touched an intraday low of Rs 6,428.6, indicating significant selling pressure. Over the past week, Atul Ltd. has seen a return of -3.51%, and its performance over the last month shows a decline of 12.27%. The company's operating profit has not shown growth over the last five years, and despite a low debt-to-equity ratio and high institutional holdings, these factors have not been sufficient to support the stock's price amidst its consistent underperformance against benchmarks. In the broader market context, Atul Ltd.'s recent performance contrasts sharply with the Sensex, which has only declined by 0.59% over the past week. The stock's year-to-date performance is also concerning, with a decline of 7.38% compared to the Sensex's gain of 2.68%. This consistent underperformance over the last three years, coupled with a negative annual return of 17.88%, highlights the challenges Atul Ltd. faces in attracting investor confidence. The company's flat results and expensive valuation, alongside a low return on equity, suggest that investors are cautious, leading to decreased participation and liquidity in the stock.