Why is Manali Petrochem falling/rising?

As of 20-Jun, Manali Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 66.21, which reflects a decrease of Rs 1.06 or 1.58%. The stock has underperformed its sector by 2.21% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.97%. Despite trading above its moving averages over various periods, the stock's performance over the past year has been poor, with a return of -30.95%. Additionally, the company has shown weak long-term growth, with an operating profit decline of 33.20% over the last five years, and its inventory turnover ratio and cash reserves are at their lowest levels. The stock is also trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, while the Sensex has shown a positive return of 1.59% over the past week, Manali Petrochemicals has gained only 3.28%, indicating a significant underperformance relative to the benchmark. The company's low stake held by domestic mutual funds, at just 0.02%, suggests a lack of confidence in its valuation and business prospects. Furthermore, the stock's negative returns over the last year and its underperformance against the BSE 500 in multiple time frames highlight a concerning trend that may be influencing investor sentiment and contributing to the stock's current decline.