Why is Kanoria Chem. falling/rising?

As of 24-Sep, Kanoria Chemicals & Industries Ltd is currently priced at 82.59, reflecting an increase of 0.59 (0.72%). The stock has shown a trend reversal, gaining after four consecutive days of decline, and has outperformed its sector by 1.21% today. However, it is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has decreased by 0.99%, and it has significantly underperformed the benchmark, with a year-to-date decline of 27.04% compared to a 4.58% increase in the Sensex. The company's weak long-term fundamentals, characterized by a low return on capital employed and high debt levels, contribute to its negative outlook, alongside a high percentage of pledged promoter shares which adds downward pressure in a falling market.
In the broader market context, while Kanoria Chemicals has shown a slight uptick today, its overall performance remains concerning when compared to the Sensex. The stock's recent performance, particularly its 1-year return of -41.40%, starkly contrasts with the benchmark's decline of only 3.77% over the same period. This consistent underperformance against the benchmark over the last three years highlights the challenges the company faces, including poor sales growth and negative operating profits, which may deter investor confidence and contribute to its volatility in the market.