Why is Lime Chemicals falling/rising?

As of 17-Nov, Lime Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 13.88, reflecting a decrease of Rs 1.09 or 7.28%. The stock has underperformed its sector by 7.63% today and has been on a downward trend for the last two days, accumulating a total loss of 7.4%. Despite opening with a gain of 2% and reaching an intraday high of Rs 15.29, it also hit a low of Rs 13.25, indicating significant volatility with a wide trading range of Rs 2.04. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. There has been a notable decrease in investor participation, with delivery volume dropping by 75.16% compared to the 5-day average, further contributing to the stock's decline.
In the broader market context, Lime Chemicals has significantly underperformed compared to the Sensex, with a 1-week return of -3.68% against the benchmark's +1.69%, and a year-to-date return of -42.17% compared to the Sensex's +8.72%. This stark contrast highlights the stock's struggles relative to the overall market performance. The persistent decline in Lime Chemicals' stock price, coupled with high volatility and reduced investor interest, indicates a challenging environment for the company, which is not reflected in the broader market's positive trajectory.