Why is I G Petrochems falling/rising?

As of 24-Sep, I G Petrochemicals Ltd is experiencing a decline in its stock price, currently at 424.40, which reflects a decrease of 2.2 points or 0.52%. The stock has been on a downward trend, losing value for the last three days and accumulating a total decline of 4.43% 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 investor participation, with delivery volume increasing by 48.63% against the 5-day average, the stock's performance over the past year has been poor, with a return of -30.20%. The company has reported negative financial results, including a significant drop in net sales and profit after tax, contributing to its weak performance.
In the broader market context, I G Petrochemicals has underperformed against the benchmark, with a 1-week return of -3.63% compared to the Sensex's -1.18%. This consistent underperformance over the last three years, along with a low domestic mutual fund stake, suggests a lack of confidence among institutional investors. Although the company has a low debt-to-equity ratio and an attractive valuation based on its return on equity, the long-term growth outlook is concerning due to declining operating profits and negative sales results. Overall, these factors contribute to the stock's downward movement in the current market environment.