Why is Deepak Chemtex falling/rising?

As of 25-Jul, Deepak Chemtex Ltd is experiencing a decline in its stock price, currently at Rs 135.60, which represents a decrease of Rs 7.4 or 5.17%. The stock has underperformed its sector by 3.63% today and has fallen after two consecutive days of gains. It opened with a loss of 2.8% and reached an intraday low of Rs 132.7, reflecting a 7.2% drop. Additionally, the stock has shown negative returns over the past week and month, with declines of 1.56% and 8.44%, respectively. Notably, investor participation has decreased, with delivery volume falling by 27.27% against the 5-day average, indicating reduced interest in trading the stock. In the broader market context, the Sensex has shown a slight decline of 0.36% over the past week, while Deepak Chemtex's performance has been significantly worse in comparison. Year-to-date, the stock has underperformed the benchmark, with a decline of 3.97% against the Sensex's gain of 4.25%. This underperformance, coupled with the stock trading below its shorter-term moving averages, suggests a bearish sentiment among investors. The lack of available positive or negative factors further complicates the outlook, as there are no specific catalysts identified that could influence a reversal in the stock's current downward trend.