Why is J.G.Chemicals falling/rising?

As of 19-Sep, J.G.Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 462.55, which reflects a decrease of Rs 11.45 or 2.42%. The stock has underperformed its sector by 2.09% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.25% during this period. Additionally, the stock's performance over the past week shows a decline of 1.81%, and over the past month, it has fallen by 11.31%. Despite a year-to-date return of 14.21%, the stock's recent movement is influenced by a significant drop in delivery volume, which has decreased by 30.43% compared to the 5-day average, indicating falling investor participation.
In the broader market context, while the Sensex has gained 0.88% over the past week, J.G.Chemicals has lagged behind, suggesting that the stock is not keeping pace with the overall market performance. The company has a low debt-to-equity ratio and a strong return on equity of 13.8, which indicates an attractive valuation. However, the recent price decline may reflect investor concerns despite the stock's ability to generate a 12.16% return over the past year, contrasting with the negative performance of the broader market. This combination of underperformance in the short term and declining investor interest may be contributing to the stock's current downward trajectory.