Why is Gandhar Oil Ref. falling/rising?

As of 23-Sep, Gandhar Oil Refinery (India) Ltd is currently priced at Rs 144.90, reflecting a decline of Rs 1.2 or 0.82%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 2.95% during this period. It has also underperformed its sector by 0.87% today. Over the past week, the stock has decreased by 2.75%, and its year-to-date performance shows a significant decline of 31.97%. Despite a low debt-to-equity ratio and an attractive valuation indicated by a return on capital employed (ROCE) of 10.8, the company has faced challenges, including a 43% drop in profits over the past year and a poor long-term growth rate in operating profit.
Broader market context indicates that while the Sensex has gained 0.98% over the past month, Gandhar Oil's performance has been negative, with a 3.78% decline in the same timeframe. The stock's liquidity appears adequate, with a delivery volume increase of 6.42% against the five-day average, yet this has not translated into positive price movement. The stock's long-term underperformance, alongside disappointing quarterly results and a significant drop in net sales, suggests that investor sentiment remains cautious, contributing to the ongoing decline in its stock price.