Why is Chemfab Alka. falling/rising?

As of 05-Aug, Chemfab Alkalis Ltd is experiencing a decline in its stock price, currently at Rs 699.10, which reflects a decrease of Rs 9.2 or 1.3%. The stock has been underperforming, having fallen consecutively for the last three days with a total drop of 10.43%. Despite opening the day with a gain of 7.16% and reaching an intraday high of Rs 759, it also touched a low of Rs 693.3, indicating significant volatility with an intraday fluctuation of 5.15%. Over the past week, the stock has declined by 8.59%, and year-to-date, it has dropped 32.22%, contrasting sharply with the Sensex, which has gained 3.29% during the same period. Additionally, investor participation has waned, with delivery volume falling by 42.07% against the five-day average, suggesting a lack of confidence among investors.
In the broader market context, Chemfab Alkalis Ltd's recent performance has been notably weaker compared to the Sensex, which has only declined by 0.77% over the past week. The stock's significant underperformance relative to the benchmark indicates a troubling trend, particularly as it has consistently traded below its moving averages across various time frames. The overall market sentiment appears to be more favorable, as evidenced by the Sensex's positive returns over the year, while Chemfab has struggled to maintain investor interest and confidence. This combination of high volatility, declining investor participation, and poor relative performance against the benchmark contributes to the stock's current downward trajectory.