Why is Kothari Petroche falling/rising?

As of 24-Sep, Kothari Petrochemicals Ltd is experiencing a decline in its stock price, currently at 147.28, reflecting a decrease of 1.99 points or 1.33%. The stock has underperformed its sector by 2.63% 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 dropped by 3.84%, and its year-to-date performance shows a significant decline of 24.18%. Despite a healthy long-term growth rate in operating profit of 31.57%, the stock has generated a return of -37.28% over the past year, coinciding with a 5.5% decrease in profits. Additionally, the company has a low debt-to-equity ratio, but its premium valuation compared to peers and minimal domestic mutual fund interest may be contributing to investor caution.
In the broader market context, Kothari Petrochemicals Ltd's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.08% over the past week and has gained 5.97% year-to-date. The stock's substantial underperformance relative to the market, particularly in the last year, where it fell significantly more than the BSE500's -5.32%, suggests a lack of investor confidence. The flat results reported in June, coupled with the lowest dividend per share and payout ratio, further indicate potential concerns about the company's financial health, which may be influencing the stock's downward trajectory.