Why is Diamines & Chem. falling/rising?

As of 29-Sep, Diamines & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 327.25, which reflects a decrease of Rs 27.45 or 7.74%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 10.51% during this period. Despite opening with a gain of 4.31% today and reaching an intraday high of Rs 370, it also touched a low of Rs 324.75, indicating high volatility with a wide trading range of Rs 45.25. The company has reported negative results for the last eight consecutive quarters, with a significant drop in operating profit and net sales, contributing to a poor long-term growth outlook. This consistent underperformance, alongside a negative return of -41.94% over the past year, has led to a perception of risk among investors.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-week return of -11.30% compared to the Sensex's -2.18%. Over the last three years, Diamines & Chemicals has consistently underperformed against the BSE500, which has generated positive returns. The company's low debt-to-equity ratio may suggest some financial stability; however, the negative operating profits and declining sales overshadow this aspect. The stock's trading below all major moving averages further indicates a bearish sentiment among investors, reinforcing the stock's status as a strong sell.