Why is Chemfab Alka. falling/rising?

As of 18-Aug, Chemfab Alkalis Ltd is experiencing a decline in its stock price, currently at Rs 675.00, which reflects a decrease of Rs 9.9 or 1.45%. The stock has underperformed its sector today by 2.47% and has been on a downward trend for the last two days, accumulating a total loss of 1.89%. Over the past week, the stock has shown a modest gain of 2.50%, but it has significantly underperformed in the longer term, with a 1-month return of -7.62% and a year-to-date return of -34.56%. The stock is also close to its 52-week low, being only 4.44% away from Rs 645. Key negative factors contributing to this decline include the company's negative results over the last nine consecutive quarters, a significant drop in profits, and a high valuation compared to peers, which may deter investors. In the broader market context, while the Sensex has shown a slight increase of 0.83% over the past week, Chemfab Alkalis Ltd's performance has been notably weaker, particularly in the last year where it has returned -24.15% compared to the market's -1.14%. This stark contrast indicates that the stock is not only underperforming relative to its sector but also failing to attract investor interest, as evidenced by a low delivery volume and minimal domestic mutual fund holdings. The company's low debt-to-equity ratio and healthy long-term growth in operating profit are overshadowed by its recent poor financial performance, leading to a lack of confidence among investors.