Why is Fairchem Organic falling/rising?

As of 13-Jun, Fairchem Organics Ltd is experiencing a decline in its stock price, currently at Rs 942.50, which reflects a decrease of Rs 29.75 or 3.06%. The stock has underperformed its sector today by 3.24% and has been on a downward trend, losing 5.04% over the last two days. It opened with a significant loss of 6.04% and reached an intraday low of Rs 913.55. Over the past week, the stock has shown a slight increase of 0.60%, but it has generated a negative return of 31.18% over the past year, indicating a consistent underperformance against the benchmark. Additionally, while the company has a low Debt to EBITDA ratio of 0.71 times and has seen increased participation from institutional investors, its profits have fallen sharply by 45.8%, contributing to the stock's negative performance.
In the broader market context, Fairchem Organics has underperformed the Sensex, which has shown a positive return of 3.81% year-to-date, while the stock has declined by 22.33% in the same period. The company's recent negative results, including a 16.37% drop in net sales and a significant decline in profit after tax, have further exacerbated investor concerns. Despite some positive factors such as a fair valuation and rising institutional interest, the overall sentiment remains negative due to the company's poor long-term growth prospects and consistent underperformance against market benchmarks over the last three years.