Why is CHD Chemicals falling/rising?

As of 08-Sep, CHD Chemicals Ltd is experiencing a decline in its stock price, currently at 5.50, reflecting a decrease of 0.4 or 6.78%. The stock has underperformed its sector by 4.52% today and has fallen after three consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over various periods shows significant underperformance, with a year-to-date decline of 24.24% compared to a 3.39% increase in the Sensex. Furthermore, there has been a drastic drop in investor participation, with delivery volume on September 5 falling by 99.68% against the 5-day average, suggesting a lack of interest from investors.
In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -2.83% compared to a positive return of +0.53% for the Sensex. This stark contrast highlights the challenges faced by CHD Chemicals in attracting investor confidence relative to the overall market. The trading in the sector has also declined by 2.37%, which may reflect broader market sentiments affecting the stock. Overall, the combination of negative stock-specific factors and a weaker performance relative to the benchmark indicates a challenging environment for CHD Chemicals Ltd.