Why is Indian Acrylics falling/rising?

As of 15-Sep, Indian Acrylics Ltd is experiencing a decline in its stock price, currently at 7.82, which represents a decrease of 0.06 or 0.76%. The stock has underperformed its sector by 1.32% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.99% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Year-to-date, the stock has dropped by 27.59%, and over the past year, it has fallen by 45.54%, significantly underperforming the benchmark Sensex, which has gained 4.67% in the same timeframe. There is a slight increase in investor participation, with delivery volume rising by 11.4% against the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, Indian Acrylics' recent performance contrasts sharply with the Sensex, which has shown positive returns both in the short term and year-to-date. While the Sensex has gained 1.24% over the past week, Indian Acrylics has declined by 2.49% during the same period. This underperformance is further highlighted by the stark difference in returns over the last three years, where the Sensex has increased by 36.46%, while Indian Acrylics has decreased by 42.20%. The lack of available positive factors in the dashboard suggests that there are no significant catalysts currently supporting the stock's price, contributing to its continued decline amidst a generally favorable market environment.