Why is Indo Rama Synth. falling/rising?

As of 17-Sep, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at Rs 52.85, which reflects a decrease of Rs 1.22 or 2.26%. The stock has underperformed its sector by 3.27% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.94%. Additionally, the stock's performance over the past week shows a loss of 1.31%, while it has gained 2.52% over the last month. Despite positive financial results, including an 8.95% growth in net sales and a remarkable 14971.4% increase in PAT for the last quarter, the stock is currently facing challenges such as falling investor participation, with delivery volume decreasing by 22.71% compared to the five-day average.
In the broader market context, the Sensex has increased by 1.56% over the past week, contrasting with Indo Rama's decline, indicating that the stock is not keeping pace with the overall market. While the stock has shown a year-to-date return of 27.97%, it has underperformed over the last three years with a decline of 12.64% compared to the Sensex's gain of 40.54%. The stock is trading at a discount relative to its peers, suggesting a fair valuation, yet the recent price movements and declining investor interest may be contributing to the current downward trend.