Why is Insecticid.India falling/rising?

As of 24-Sep, Insecticides India Ltd is experiencing a decline in its stock price, currently at Rs 755.70, which reflects a decrease of Rs 15.8 or 2.05%. The stock has underperformed its sector by 1.73% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.28%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Over the past week, the stock has fallen by 2.24%, and over the last month, it has decreased by 10.88%. Despite positive financial results over the last six quarters, including a 26.03% growth in profit after tax, the stock's performance has been hindered by a significant year-over-year decline of 15.85%.
In the broader market context, the Sensex has shown a slight decline of 1.18% over the past week, suggesting that the overall market sentiment is somewhat negative, but Insecticides India Ltd has underperformed relative to this benchmark. While the company has a low debt-to-equity ratio and attractive valuations compared to its peers, the recent drop in investor participation, with a 10.84% decrease in delivery volume, indicates waning interest. The stock's performance contrasts with its year-to-date return of 11.39%, which is significantly better than the Sensex's 4.58% increase, highlighting a disconnect between the company's fundamentals and market perception.