Why is Chemfab Alka. falling/rising?

As of 23-Sep, Chemfab Alkalis Ltd is experiencing a decline in its stock price, currently at Rs 638.80, which reflects a decrease of Rs 7.95 or 1.23%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -5.29% over that period. It is also trading close to its 52-week low, just 1.07% away from Rs 631.95. The company's performance has been disappointing, with negative results reported for the last nine consecutive quarters, including a significant drop in profits by 74% over the past year. Additionally, the stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decline in investor participation, with delivery volume dropping by 52.79% against the five-day average.
In the broader market context, Chemfab Alkalis Ltd's short-term performance has been significantly worse than the benchmark, with a 1-week return of -5.29% compared to the Sensex's -0.34%. Over the past year, the stock has generated a return of -39.06%, while the Sensex has only declined by 3.33%. This underperformance, coupled with a very expensive valuation relative to its peers and low domestic mutual fund interest, suggests a lack of confidence in the company's future prospects. Despite showing healthy long-term growth in operating profit, the recent financial metrics, including a low return on capital employed and a high enterprise value to capital employed ratio, indicate that investors are wary of the stock's current valuation and performance trajectory.