Why is CHD Chemicals falling/rising?

As of 02-Sep, CHD Chemicals Ltd is experiencing a decline in its stock price, currently at Rs. 5.51, which reflects a decrease of 0.15 or 2.65%. The stock has hit a new 52-week low of Rs. 4.81 today and has underperformed its sector by 2.49%. Over the past week, the stock has fallen by 3.33%, and it has consistently lost value over the last two days, totaling a decline of 3.67%. Additionally, the stock is trading below its moving averages across various timeframes, indicating a bearish trend. The company is facing significant challenges, including operating losses and a high debt-to-EBITDA ratio of 7.93 times, which suggests a low ability to service its debt. Furthermore, the stock has shown consistent underperformance against benchmarks, with a return of -12.95% over the past year.
In the broader market context, CHD Chemicals' recent performance contrasts sharply with the Sensex, which has only declined by 0.78% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 24.10%, while the Sensex has gained 2.58% in the same period. This stark difference highlights the company's struggles relative to the overall market. The falling investor participation, as evidenced by a 13.01% decrease in delivery volume, further underscores the lack of confidence among investors. Overall, the combination of poor financial fundamentals, negative operating profits, and a history of underperformance against market benchmarks contributes to the stock's downward trajectory.