Why is Manali Petrochem falling/rising?

As of 11-Aug, Manali Petrochemicals Ltd is currently priced at 64.90, reflecting a slight increase of 0.21 or 0.32%. Despite this uptick, the stock has underperformed its sector today by 0.51%. Over the past week, the stock has seen a decline of 0.93%, and it has also underperformed over the past month with a decrease of 5.01%. The stock's performance has been notably poor over the past year, down 29.08%, while its year-to-date return stands at a modest 2.67%. The company maintains a low debt-to-equity ratio, which is a positive factor, yet the falling investor participation, indicated by a 9.12% drop in delivery volume compared to the 5-day average, suggests a lack of confidence among investors.
In the broader market context, the Sensex has also experienced a decline, but to a lesser extent, with a decrease of 0.51% over the same week and 2.30% over the past month. This indicates that while Manali Petrochemicals is facing challenges, the overall market sentiment is similarly cautious. The stock's moving averages present a mixed picture; it is above the 100-day and 200-day moving averages but below the shorter-term averages, which may signal volatility. Overall, the combination of underperformance relative to the sector, declining investor interest, and a challenging year-long performance contributes to the stock's current price movement.