Why is Kronox Lab falling/rising?

As of 01-Aug, Kronox Lab Sciences Ltd is experiencing a decline in its stock price, currently at Rs 175.65, reflecting a decrease of Rs 6.35 or 3.49%. The stock has underperformed its sector by 1.53% today and has been on a downward trend for the last two days, resulting in a total drop of 6.22% during this period. Over the past week, the stock has decreased by 3.06%, and in the last month, it has fallen by 7.70%. Despite a year-over-year gain of 13.47%, which outperformed the broader market's decline of 1.55%, the stock's recent performance indicates a struggle, particularly in the short term. The company maintains a low debt-to-equity ratio, which is a positive factor, but this has not been sufficient to counteract the recent price declines.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex only declining by 1.06% over the past week. This suggests that the overall market conditions are not as detrimental as the specific challenges faced by Kronox Lab. The stock's liquidity remains adequate, with a delivery volume increase noted, indicating some investor interest despite the price drop. However, the stock's failure to maintain momentum above its shorter moving averages further highlights its current struggles in a market that has shown resilience compared to its recent performance.