Why is Khaitan Chemical falling/rising?

As of 30-Oct, Khaitan Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 108.40, which represents a decrease of Rs 8.2 or 7.03%. The stock has underperformed its sector by 5.47% today and has been on a downward trend, losing 14.85% over the last two days. The stock reached an intraday high of Rs 120.9 but also fell to a low of Rs 107.7, indicating high volatility with an intraday fluctuation of 6.34%. Over the past week, the stock has declined by 13.63%, while it has shown a significant year-to-date increase of 51.33%. However, it is currently trading lower than its 5-day, 20-day, 50-day, and 100-day moving averages, despite being above the 200-day moving average. There has been a notable increase in investor participation, with delivery volume rising by 439.45% against the 5-day average, suggesting heightened interest despite the price drop.
In the broader market context, the Sensex has only decreased by 0.18% over the past week, indicating that Khaitan Chemicals' performance is significantly lagging behind the benchmark. While the stock has shown impressive long-term returns, such as a 355.46% increase over the past five years compared to the Sensex's 113.07%, the recent short-term performance highlights a stark contrast. The stock's substantial decline in the short term, coupled with its underperformance relative to the benchmark, suggests that investors may be reacting to recent volatility and price movements, leading to a cautious outlook in the current market environment.