Why is Lakhotia Poly. falling/rising?

As of 24-Oct, Lakhotia Polyesters (India) Ltd is experiencing a decline in its stock price, currently at Rs 123.65, which reflects a decrease of 6.5 points or 4.99%. The stock has been on a downward trend, having fallen consecutively for the last seven days, resulting in a total return loss of 30.1% during this period. It opened today with a loss of 4.99%, reaching an intraday low of Rs 123.65, and has shown no price range since opening. Additionally, the stock has underperformed its sector by 4.71%. Despite its strong year-to-date performance of 209.20% and a one-year return of 269.21%, the recent negative momentum is compounded by a significant drop in investor participation, with delivery volume decreasing by 76.23% compared to the five-day average.
In the broader market context, the stock's performance over the past week has been notably poor, with a return of -18.52%, contrasting sharply with the Sensex, which has gained 0.31% during the same period. This underperformance highlights the stock's struggle relative to the benchmark index, indicating that while the company has shown impressive long-term growth, current market sentiment is unfavorable. The liquidity of the stock remains adequate for trading, but the decline in investor interest suggests a cautious outlook among traders. Overall, the combination of recent price declines, reduced trading activity, and sector underperformance contributes to the stock's current downward trajectory.