Why is Kothari Petroche falling/rising?

As of 23-Sep, Kothari Petrochemicals Ltd is experiencing a decline in its stock price, currently at 149.27, which reflects a decrease of 3.25 or 2.13%. The stock has underperformed its sector by 1.57% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has fallen by 3.65%, and its year-to-date return is down 23.15%. Additionally, the company has seen a significant drop in investor participation, with delivery volume decreasing by 15.86% compared to the 5-day average. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock has generated a negative return of 36.09% over the past year, with profits also declining by 5.5%.
In the broader market context, Kothari Petrochemicals Ltd's performance has been notably weaker than the benchmark, as the Sensex has only declined by 0.28% over the past week and has gained 6.45% year-to-date. The stock's significant underperformance relative to the market, coupled with a low stake from domestic mutual funds, suggests a lack of confidence among institutional investors. This could indicate that the market perceives the stock as overvalued compared to its peers, especially given its flat results in June and the lowest dividend payout. Overall, these factors contribute to the stock's downward movement in the current market environment.