Why is I G Petrochems falling/rising?

As of 25-Aug, I G Petrochemicals Ltd is experiencing a decline in its stock price, currently at 453.70, which reflects a decrease of 9.35 points or 2.02%. The stock has underperformed its sector by 1.65% today and has seen a trend reversal after three consecutive days of gains. Over the past week, the stock has gained 7.00%, but it has a negative return of 6.41% over the last month and a significant drop of 35.70% over the past year. Despite a high dividend yield of 3.78% and a low debt-to-equity ratio of 0.03, the company has reported poor financial results, including a 2.09% decline in net sales and a substantial drop in profit before tax and profit after tax in the latest quarter. This combination of factors has contributed to the stock's recent downward movement.
In the broader market context, while the Sensex has shown a modest increase of 0.45% over the past week, I G Petrochemicals Ltd's performance has been notably weaker, indicating a lack of investor confidence. The stock's long-term performance is concerning, with a 35.70% decline over the past year and a 25.95% drop over the last three years, significantly underperforming the benchmark indices. The low participation from domestic mutual funds, holding only 0% of the company, further suggests that institutional investors may be wary of the stock's prospects, contributing to its current price decline.