Why is Kothari Petroche falling/rising?

As of 19-Sep, Kothari Petrochemicals Ltd is currently priced at 154.07, reflecting an increase of 1.05 or 0.69%. However, the stock has shown a negative performance over the past week, down by 0.51%, and has significantly underperformed over the past month and year, with declines of 8.71% and 29.26%, respectively. Today's price summary indicates that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by nearly 50% compared to the 5-day average. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's recent performance has been hampered by flat results and a lack of confidence from domestic mutual funds, which hold only a minimal stake in the company.
In the broader market context, Kothari Petrochemicals Ltd has underperformed relative to the benchmark, with the Sensex gaining 0.85% over the past week while the stock itself has declined. The company's year-to-date performance shows a stark contrast, with a drop of 20.68% compared to the Sensex's increase of 7.11%. This significant underperformance raises concerns about the stock's valuation, especially as it trades at a premium compared to its peers, despite a negative return over the past year and a decline in profits. The overall market sentiment appears to be cautious, as indicated by the stock's low trading volume and the lack of interest from institutional investors, which may further contribute to its downward pressure.