Why is Kothari Petroche falling/rising?

As of 29-Sep, Kothari Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 138.44, which reflects a decrease of Rs 4.4 or 3.08%. The stock has underperformed significantly, with a 1-week return of -9.23% and a 1-month return of -13.25%. It is also trading below all its moving averages, indicating a bearish trend. The stock is close to its 52-week low, being only 4.43% away from Rs 132.31. Despite a healthy long-term growth rate in operating profit and a low debt-to-equity ratio, the stock's performance has been negatively impacted by a significant drop in profits over the past year, which fell by 5.5%. Additionally, the lack of interest from domestic mutual funds, which hold only 0.29% of the company, suggests a lack of confidence in the stock's current valuation.
In the broader market context, Kothari Petrochemicals has underperformed relative to the benchmark, with the Sensex showing a decline of only 2.25% over the past week, compared to the stock's much steeper drop. Over the past year, while the BSE500 index has returned -7.50%, Kothari Petrochemicals has seen a staggering decline of -39.65%. This stark contrast highlights the challenges the company faces in regaining investor confidence and improving its market position. The overall market conditions have not favored the stock, contributing to its current downward trajectory.