Why is Fine Organic falling/rising?

As of 10-Nov, Fine Organic Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,243.00, reflecting a decrease of Rs 110.25 or 2.53%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total decline of 5.83% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past year shows a return of -15.20%, while its profits have decreased by 9%. Despite having a high return on equity (ROE) of 24.59% and a low debt-to-equity ratio, the stock is considered expensive relative to its peers, contributing to its recent price drop.
In the broader market context, Fine Organic's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.98% compared to the Sensex's -0.53%. This consistent underperformance against the benchmark over the last three years indicates a lack of investor confidence, further exacerbated by a significant drop in delivery volume, which fell by 44.96% against the 5-day average. The company's flat results in September, particularly the lowest inventory turnover ratio at 0.58 times, have also raised concerns among investors, leading to the current downward trend in stock price.