Why is Kanoria Chem. falling/rising?

As of 23-Sep, Kanoria Chemicals & Industries Ltd is experiencing a decline in its stock price, currently at 82.00, which reflects a decrease of 0.21 or 0.26%. The stock has been underperforming recently, having fallen consecutively for the last four days, resulting in a total decline of 1.7% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's performance over the past year has been particularly poor, with a return of -43.45%, and it has consistently underperformed against the benchmark, the BSE500, in each of the last three annual periods. Factors contributing to this decline include weak long-term fundamentals, a high debt-to-EBITDA ratio, and a significant percentage of promoter shares being pledged, which adds downward pressure in a falling market.
In the broader market context, the stock's short-term performance of -0.61% over the past week contrasts with the benchmark, the Sensex, which has seen a smaller decline of -0.34%. This underperformance is further highlighted by the stock's year-to-date return of -27.56%, while the Sensex has gained 5.07% during the same period. The falling investor participation, as evidenced by a 67.84% drop in delivery volume compared to the 5-day average, suggests a lack of confidence among investors. Overall, the combination of weak fundamentals, poor recent performance, and unfavorable market conditions is contributing to the downward movement of Kanoria Chemicals' stock price.