Why is Gujarat Alkalies falling/rising?

As of 13-Aug, Gujarat Alkalies & Chemicals Ltd is experiencing a decline in its stock price, currently at 556.60, reflecting a decrease of 3.7 points or 0.66%. The stock has underperformed its sector by 2.64% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 4.11%, and it has also shown significant underperformance over longer periods, with a year-to-date decline of 25.80% compared to a 3.07% increase in the benchmark. Key negative factors affecting the stock include poor management efficiency, as evidenced by a low return on equity (ROE) of 3.85%, and a concerning long-term growth rate, with operating profit declining at an annual rate of 52.45% over the last five years. Additionally, there has been a decrease in institutional investor participation, which can further impact market confidence.
Broader Market Context: In the context of the broader market, Gujarat Alkalies has consistently underperformed against the benchmark, with a return of -23.47% over the past year compared to the Sensex's increase of 2.01%. The chemicals sector has gained by 2.06%, highlighting the company's struggles relative to its peers. The decline in investor participation, particularly from institutional investors, suggests a lack of confidence in the company's future prospects, which is further compounded by its flat financial results and high valuation compared to historical averages. Overall, these factors contribute to the stock's downward movement in a market that is otherwise showing resilience.