Why is Chemfab Alka. falling/rising?

As of 08-Aug, Chemfab Alkalis Ltd is experiencing a decline in its stock price, currently at Rs 662.00, which represents a decrease of Rs 23.8 or 3.47%. The stock has underperformed today, opening with a loss of 2.88% and touching an intraday low of Rs 660.15. It is also trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 7.76%, and it has significantly underperformed the benchmark Sensex, which fell only 0.92% during the same period. Additionally, the stock is close to its 52-week low, being just 2.57% away from Rs 645, and there has been a notable decline in investor participation, with delivery volume dropping by 70.82% compared to the five-day average.
Broader Market Context: In the context of the broader market, Chemfab Alkalis Ltd's performance has been notably weaker than the Sensex, which has shown a year-to-date increase of 2.20%, while Chemfab's stock has plummeted by 35.82% in the same timeframe. This stark contrast highlights the challenges faced by the company compared to the overall market performance. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests a lack of investor confidence, further contributing to its downward price movement.