Why is Kothari Petroche falling/rising?

As of 22-Sep, Kothari Petrochemicals Ltd is experiencing a decline in its stock price, currently at 152.52, which represents a decrease of 1.55 or 1.01%. The stock has underperformed significantly over various periods, with a 1-week return of -2.56% and a 1-month return of -9.85%. Today's performance indicates that the stock is trading lower than all key moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 39.04% against 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 negatively impacted by a significant decline in profits over the past year 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's performance has been notably weaker than the benchmark, with a 1-year return of -30.41% compared to the BSE500's decline of only -3.80%. This stark contrast highlights the stock's struggles relative to the overall market. The company's flat results in June, coupled with the lowest dividend per share and payout ratio, further contribute to investor skepticism. Overall, the combination of poor recent performance, declining investor interest, and underwhelming market confidence has led to the stock's downward movement.