Why is Khaitan Chemical falling/rising?

As of 08-Aug, Khaitan Chemicals & Fertilizers Ltd is experiencing a slight decline in its stock price, currently at 104.70, reflecting a decrease of 0.05 (-0.05%). The stock has been on a downward trend, having fallen for the last three days with a total return of -3.94% during this period. Although the stock has outperformed its sector by 1.1% today, it is noteworthy that the delivery volume has significantly decreased by 81.92% compared to the 5-day average, indicating falling investor participation. Over the past month, the stock has shown a positive return of 7.86%, contrasting with the Sensex's decline of 4.60%, and it has delivered an impressive year-to-date return of 46.17%.
In the broader market context, while Khaitan Chemicals has outperformed the Sensex in the short term, the recent consecutive falls suggest a potential shift in investor sentiment. The stock's performance over the last week shows a decline of 2.15%, compared to the Sensex's smaller drop of 0.92%, indicating that the stock is underperforming relative to the benchmark in the short term. The moving averages indicate that while the stock is above the longer-term averages (50, 100, and 200 days), it is below the shorter-term averages (5 and 20 days), which may signal a bearish trend. Overall, the combination of declining investor participation and recent price movements suggests a cautious outlook for Khaitan Chemicals in the current market environment.