Why is Manali Petrochem falling/rising?

As of 01-Aug, Manali Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 66.00, which reflects a decrease of 1.97 (-2.9%). The stock has been underperforming, having fallen for three consecutive days with a total decline of 8.79% during this period. Additionally, it has underperformed its sector by 0.42%. Over the past week, the stock has decreased by 9.08%, and over the last month, it has seen a decline of 5.51%. While the company maintains a low debt-to-equity ratio, which is a positive factor, the overall performance has been negatively impacted by a significant drop in investor participation, with delivery volume falling by 24.07% against the five-day average.
Broader market context indicates that the petrochemical sector has also faced challenges, declining by 2.49%. In comparison to the benchmark Sensex, which has decreased by only 1.06% over the past week, Manali Petrochemicals' performance has been notably weaker. The stock's moving averages show it is currently lower than the 5-day, 20-day, and 50-day averages, suggesting a bearish trend. Overall, the combination of sector-wide declines, reduced investor interest, and the stock's recent poor performance relative to the benchmark contributes to the current downward movement in Manali Petrochemicals' stock price.