Why is Manali Petrochem falling/rising?

As of 06-Aug, Manali Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 63.65, which represents a decrease of 1.79 (-2.74%). The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total drop of 12.04% during this period. Additionally, the stock's performance over the past week shows a decline of 8.42%, and over the past month, it has decreased by 12.48%. The stock is trading below its 5-day, 20-day, and 50-day moving averages, although it remains above the 100-day and 200-day moving averages. There has also been a notable decrease in investor participation, with delivery volume falling by 12.23% compared to the 5-day average, indicating reduced interest from investors.
In the broader market context, the Sensex has only declined by 1.15% over the past week and 3.46% over the past month, suggesting that Manali Petrochemicals is underperforming relative to the benchmark. While the stock has shown a year-to-date increase of 0.70%, it has significantly lagged behind the Sensex's 3.08% gain. Over a longer time frame, the stock has decreased by 29.86% over the past year and 38.77% over the past three years, contrasting sharply with the Sensex's positive returns during the same periods. This persistent underperformance relative to the market and the recent drop in trading volume contribute to the stock's downward trajectory.