Why is Khaitan Chemical falling/rising?

As of 29-Oct, Khaitan Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 116.60, which represents a decrease of Rs 10.7 or 8.41%. The stock has underperformed its sector by 8.99% today, with an intraday high of Rs 132 and a low of Rs 114.1, indicating significant volatility with a wide trading range of Rs 17.9. Over the past week, the stock has seen a decline of 7.90%, while its year-to-date performance remains strong at an increase of 62.78%. Despite the recent downturn, the stock has shown substantial growth over the longer term, with a 411.40% increase over the past five years. There is a notable rise in investor participation, with delivery volume increasing by 409.27% against the five-day average, suggesting heightened interest despite the current price drop.
In the broader market context, the Sensex has increased by 0.68% over the past week, contrasting with Khaitan Chemicals' decline, which highlights the stock's underperformance relative to the benchmark. While the stock has been volatile today, trading above its 100-day and 200-day moving averages, it remains below its shorter-term moving averages, indicating mixed signals for investors. The liquidity of the stock appears adequate for trading, as it meets the criteria based on the average traded value. Overall, the combination of recent price declines, high volatility, and underperformance against the benchmark suggests that investor sentiment may be cautious, contributing to the stock's current downward trend.