Why is KG Petrochem falling/rising?

As of 23-Sep, KG Petrochem Ltd is experiencing a decline in its stock price, currently at Rs 244.00, which represents a decrease of Rs 17.0 or 6.51%. The stock has underperformed its sector by 5.89% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 7.8% during this period. It opened significantly lower, with a loss of 6.48%, and reached an intraday low of Rs 244. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has notably decreased, with delivery volume dropping by 99.17% compared to the 5-day average, suggesting a lack of confidence among investors.
In the broader market context, KG Petrochem's short-term performance has been poor compared to the benchmark Sensex, which has only declined by 0.34% over the past week while KG Petrochem fell by 4.63%. Over the past month, the stock has decreased by 3.50%, contrasting with the Sensex's increase of 0.98%. Year-to-date, KG Petrochem has underperformed significantly, with a decline of 18.44% compared to the Sensex's gain of 5.07%. This underperformance in both short-term and long-term metrics reflects a challenging environment for KG Petrochem, compounded by the lack of positive factors in the market.