Why is Chemcon Special. falling/rising?

As of 24-Oct, Chemcon Speciality Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 247.60, which reflects a decrease of Rs 4.5 or 1.79%. The stock has been underperforming, having lost 5.89% over the last two days and is currently lower than its 5-day and 20-day moving averages. Additionally, while the stock has shown a year-to-date increase of 9.36%, it has significantly underperformed over the longer term, with a 3-year decline of 42.61%. The recent trading activity indicates a rise in investor participation, with a delivery volume increase of 147.21% compared to the 5-day average, suggesting some interest despite the price drop.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.31% over the past week and 3.05% over the past month. This indicates that while Chemcon has struggled, the overall market has been relatively stable or growing. The stock's performance today has underperformed its sector by 1.69%, further highlighting its challenges in the current market environment. Overall, the combination of recent price declines, underperformance against benchmarks, and mixed trading activity contributes to the stock's current downward trajectory.