Why is I G Petrochems falling/rising?

As of 23-Sep, I G Petrochemicals Ltd is experiencing a decline in its stock price, currently at 426.00, which reflects a decrease of 1.55 or 0.36%. The stock has been losing value for the last two days, with a total drop of 4.06% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 76.97% against the 5-day average, the stock has underperformed significantly over the past year, with a return of -30.28%. The company has reported poor financial results, including a substantial drop in net sales and a negative profit after tax, which has contributed to its recent price movement. Additionally, the stock is trading at a premium compared to its peers, despite having a low debt-to-equity ratio and attractive valuation metrics.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.87% compared to the Sensex's -0.34%. This consistent underperformance against the benchmark over the last three years, coupled with the lack of investment from domestic mutual funds, suggests a lack of confidence in the company's future growth prospects. The company's operating profit has declined significantly over the past five years, further indicating challenges ahead. Overall, these factors contribute to a negative sentiment surrounding I G Petrochemicals Ltd, leading to its current price decline.