Why is Bodal Chemicals falling/rising?

As of 08-Oct, Bodal Chemicals Ltd is experiencing a decline in its stock price, currently at 61.01, reflecting a decrease of 0.8 or 1.29%. The stock has underperformed its sector by 1.52% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.65% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite reporting positive operating profit growth and strong quarterly results, the stock has generated a significant negative return of 24.68% over the past year, indicating a disconnect between its financial performance and market perception. The company's weak long-term fundamentals, including a high Debt to EBITDA ratio and minimal domestic mutual fund interest, further contribute to the stock's downward pressure.
In the broader market context, Bodal Chemicals has underperformed the benchmark Sensex, which has gained 0.98% over the past week, while the stock itself has declined by 1.15%. This trend of underperformance is consistent over longer periods, with the stock showing a 9.71% decline year-to-date compared to a 4.65% increase in the benchmark. The persistent underperformance against the BSE500 over the last three years, coupled with a lack of confidence from domestic mutual funds, suggests that investors are wary of the stock's long-term growth potential despite its recent positive earnings reports.