Why is Kanoria Chem. falling/rising?

As of 19-Sep, Kanoria Chemicals & Industries Ltd is experiencing a decline in its stock price, currently at 82.98, which reflects a decrease of 0.4 or 0.48%. The stock has been losing value for the last two days, with a total drop of 0.53% in this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 52.02% compared to the 5-day average, suggesting a reduction in investor participation. The stock has underperformed in the longer term as well, showing a year-to-date decline of 26.70% and a one-year drop of 45.01%, while the benchmark Sensex has gained 5.74% and lost only 0.67% over the same periods.
In the broader market context, Kanoria Chemicals' short-term performance has been notably weaker than the Sensex, which has increased by 0.88% over the past week, while Kanoria's stock has declined by 1.74%. This underperformance highlights the challenges the company faces in attracting investor interest compared to the overall market. The lack of available positive factors further exacerbates the situation, as there are no indications of upcoming catalysts that could reverse the current trend. Overall, the combination of declining stock performance, reduced investor participation, and unfavorable comparisons to the benchmark suggests a challenging environment for Kanoria Chemicals & Industries Ltd.