Why is I G Petrochems falling/rising?

As of 18-Sep, I G Petrochemicals Ltd is experiencing a decline in its stock price, currently at 433.70, reflecting a decrease of 6.7 points or 1.52%. The stock has underperformed its sector by 1.02% today and has seen a trend reversal after three consecutive days of gains. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.56%, while it has shown a modest increase of 2.29% over the past month. However, the stock's year-to-date performance is concerning, with a significant drop of 22.28% compared to a 6.24% rise in the benchmark. Despite a low debt-to-equity ratio and an attractive valuation with a PEG ratio of 0.4, the company has faced challenges, including a 2.09% decline in net sales and a substantial fall in PAT, which has contributed to its negative performance.
Broader Market Context: In the context of the broader market, I G Petrochemicals has consistently underperformed against the benchmark, with a 30.35% decline over the past year compared to a slight increase of 0.08% in the Sensex. This underperformance is further highlighted by the stock's negative returns over the last three years, where it has lagged significantly behind the BSE500. The lack of investment from domestic mutual funds, holding only 0% of the company, suggests a lack of confidence in the stock's future prospects, which may be influencing its current price movement. Overall, the combination of poor financial results and weak investor sentiment is contributing to the stock's decline.