Why is I G Petrochems falling/rising?

As of 28-Aug, I G Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 431.50, which reflects a decrease of Rs 7.5 or 1.71%. The stock has been on a downward trend, losing 6.81% over the last three days and trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown significant underperformance, with a year-to-date return of -22.68% and a one-year return of -37.55%. The company's recent financial results have been disappointing, with a notable drop in net sales and profit after tax, contributing to negative investor sentiment. Although the company has a high dividend yield of 4.1% and a low debt-to-equity ratio, these factors have not been sufficient to counteract the negative trends in sales and profitability.
In the broader market context, the stock's performance has been worse than the benchmark, with a one-week return of -4.19% compared to the Sensex's -2.34%. This consistent underperformance against the benchmark over the past three years indicates a lack of confidence among investors, as evidenced by the low participation from domestic mutual funds, which hold 0% of the company. The overall market sentiment appears to be cautious, particularly given the company's poor long-term growth prospects and the significant decline in operating profit over the last five years.