Why is Chemcon Special. falling/rising?

As of 24-Sep, Chemcon Speciality Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 245.95, which reflects a decrease of Rs 8.3 or 3.26%. The stock has underperformed its sector by 2.77% today and has been on a downward trend for the last two days, resulting in a total drop of 5.28%. Despite this recent decline, the stock has shown positive returns over the past week and month, with increases of 3.86% and 8.21%, respectively. Additionally, the company maintains a low debt-to-equity ratio, which is generally viewed positively, but this has not been sufficient to counteract the recent price drop.
In the broader market context, Chemcon's performance contrasts with the Sensex, which has seen a slight decline of 1.18% over the past week while Chemcon has gained. However, the stock's year-to-date performance shows an increase of 8.64%, outperforming the Sensex's 4.58% gain. This indicates that while Chemcon has had a strong performance in the longer term, the recent consecutive falls and underperformance today suggest that investor sentiment may be shifting negatively, despite rising participation and liquidity in trading.