Why is Axel Polymers falling/rising?

As of 23-Sep, Axel Polymers Ltd is experiencing a decline in its stock price, currently at Rs 51.51, which reflects a decrease of Rs 2.49 or 4.61%. The stock opened significantly lower today, with a loss of 7.41%, and has shown high volatility, trading within a wide range of Rs 6.8. Despite reaching an intraday high of Rs 56.8, the stock's performance today has underperformed its sector by 3.36%. Over the past week, the stock has declined by 4.61%, and year-to-date, it is down 5.05%, contrasting with the Sensex, which has gained 5.07% during the same period. The stock's moving averages indicate it is currently lower than the 5-day and 20-day averages, suggesting a bearish trend. Additionally, while there has been a slight increase in delivery volume, the overall sentiment appears negative.
Broader Market Context: In comparison to the benchmark Sensex, which has only declined by 0.34% over the past week, Axel Polymers' performance has been significantly worse. The stock's year-on-year return of -18.24% starkly contrasts with the Sensex's decline of just 3.33%, indicating a persistent underperformance. This trend is further emphasized by the stock's long-term performance, where it has gained 11.01% over three years compared to the Sensex's 41.31% increase. The broader market context suggests that while the overall market may be stabilizing or improving, Axel Polymers is struggling to maintain investor confidence, leading to its recent price decline.