Why is J.G.Chemicals falling/rising?

As of 06-Nov, J.G.Chemicals Ltd's stock price is currently at Rs 411.90, reflecting a decrease of Rs 15.95 or 3.73%. The stock has underperformed its sector by 2.75% today, having touched an intraday low of Rs 409.90, which represents a decline of 4.2%. Over the past week, the stock has seen a return of -6.62%, while its performance over the last month shows a decline of 3.01%. Despite a positive year-to-date return of 1.70% and a strong annual return of 11.61%, the stock's recent performance has been hindered by falling investor participation, with delivery volume decreasing by 26.52% compared to the five-day average. The company maintains a low debt-to-equity ratio and a strong return on equity of 13.8, indicating a solid valuation, but these factors have not been sufficient to counteract the recent price decline.
Broader market context indicates that the Sensex has experienced a modest decline of 1.30% over the past week, which suggests that the broader market conditions may be contributing to the stock's downward movement. While J.G.Chemicals has outperformed the Sensex over the past year, the recent short-term underperformance relative to the benchmark may reflect broader market sentiments affecting investor confidence. The stock's liquidity remains adequate for trading, but the combination of recent price declines and reduced trading volume suggests a cautious outlook among investors in the current market environment.