Why is Insecticid.India falling/rising?

As of 10-Nov, Insecticides India Ltd is experiencing a decline in its stock price, currently at 677.35, reflecting a decrease of 11.4 points or 1.66%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -6.13% over the past week. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company declaring positive results over the last six quarters, including a 26.03% growth in profit after tax and a strong return on capital employed, the stock has generated a significant negative return of -24.10% over the past year, which contrasts sharply with its profit growth of 23.1%. This suggests that while the company's fundamentals are strong, the market sentiment remains weak.
In the broader market context, Insecticides India Ltd has underperformed relative to the Sensex, which has shown a slight increase of 1.25% over the past month. The stock's performance has been notably poor in the long term, with a decline of -24.10% over the past year and underperformance against the BSE500 in various time frames. This trend of underperformance, coupled with a low debt-to-equity ratio and attractive valuations compared to peers, indicates that while the company has solid fundamentals, investor sentiment is currently negative, leading to the stock's decline.