Why is Axel Polymers falling/rising?

As of 19-Sep, Axel Polymers Ltd is experiencing a decline in its stock price, currently at Rs 52.01, which reflects a decrease of Rs 2.99 or 5.44%. The stock has underperformed its sector today by 4.78%, touching an intraday low of Rs 52, indicating significant selling pressure. Over the past week, the stock has shown a slight increase of 0.79%, but it has declined by 5.44% over the past month and 16.11% over the past year. Despite a rising investor participation with a 24% increase in delivery volume, the stock is trading at a discount compared to its peers, and while its profits have increased by 13%, the overall return remains negative. The company's attractive valuation, indicated by a ROCE of 7.1 and a PEG ratio of 1.9, suggests potential for recovery, but current market sentiment appears to be weighing heavily on the stock.
In the broader market context, the Sensex has outperformed Axel Polymers, gaining 0.88% over the past week and 1.20% over the past month, while the stock has struggled to maintain positive momentum. Year-to-date, Axel Polymers has seen a decline of 4.13%, contrasting sharply with the Sensex's gain of 5.74%. This underperformance relative to the benchmark indicates a challenging environment for the stock, despite its long-term growth of 409.90% over five years compared to the Sensex's 112.70%. The current market dynamics suggest that investor confidence may be shaken, contributing to the recent price decline.