Why is India Gelatine falling/rising?

As of 24-Sep, India Gelatine & Chemicals Ltd is experiencing a decline in its stock price, currently at 348.00, which reflects a decrease of 5.95 or 1.68%. The stock has underperformed its sector by 1.19% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 86.99% compared to the 5-day average. Over the past year, the stock has generated a return of -7.19%, while profits have decreased by 16.9%. Although the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, the recent flat results in net sales and the stock trading at a premium compared to peers may be contributing to the downward pressure.
In the broader market context, India Gelatine's short-term return of -0.88% over the past week is slightly better than the benchmark Sensex, which has declined by 1.18%. Despite the company's recent challenges, the increase in promoter confidence, with a 7.57% rise in their stake, suggests a belief in the company's future potential. However, the overall market sentiment and the company's recent performance metrics indicate a cautious outlook, leading to the current decline in stock price.