Why is Laxmi Organic falling/rising?

As of 22-Aug, Laxmi Organic Industries Ltd is currently priced at 213.15, reflecting a decrease of 0.95, or 0.44%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 5.81% during this period. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some short-term strength. However, the company has shown poor long-term growth, with an annual operating profit decline of 17.98% over the last five years and a significant drop in profitability metrics, including a 74.3% fall in profit before tax compared to the previous quarter's average. The stock's return over the past year stands at -24.66%, coupled with a low return on equity of 6, which suggests an expensive valuation relative to its peers.
In the broader market context, Laxmi Organic's short-term performance has significantly outpaced the Sensex, with a 1-week return of 16.57% compared to the benchmark's 0.88%. However, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor sentiment and participation. The recent drop in delivery volume by 79.28% against the 5-day average indicates a decrease in investor interest, further exacerbating the stock's decline. Overall, while there are some positive indicators in the short term, the long-term financial performance and recent negative trends suggest a challenging environment for Laxmi Organic Industries Ltd.