Why is Manali Petrochem falling/rising?

As of 14-Aug, Manali Petrochemicals Ltd's stock is currently priced at 64.07, reflecting a decline of 1.83, or 2.78%. The stock has underperformed its sector by 2.31% today and has experienced a consecutive fall over the last two days, resulting in a total drop of 2.92% during this period. It opened with a loss of 2.28% and reached an intraday low of Rs 63.7, marking a decrease of 3.34%. Over the past week, the stock has decreased by 1.26%, and it has shown a significant decline of 26.99% over the past year, despite a positive year-to-date return of 1.36%. The company has a low debt-to-equity ratio, which is a positive factor, and it reported strong quarterly results in June, indicating operational efficiency. However, the recent drop in delivery volume by 54.74% against the 5-day average suggests falling investor participation, which may be contributing to the stock's downward movement.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.03% over the past week and a modest increase of 3.15% year-to-date. Compared to the benchmark, Manali Petrochemicals' short-term performance has been weaker, as it has underperformed the Sensex by a notable margin in both the 1-week and 1-month periods. This underperformance, combined with the recent negative sentiment reflected in the stock's price movements and declining investor interest, indicates that the stock is facing challenges in gaining traction in the current market environment.