Why is Manali Petrochem falling/rising?

As of 28-Aug, Manali Petrochemicals Ltd's stock is currently priced at 64.63, reflecting a decline of 0.9, or 1.37%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decrease of 5.46% during this period. Additionally, the stock has underperformed its sector by 0.93% today. Over the past week, it has experienced a decline of 4.90%, and over the past month, it has dropped by 8.12%. Although the company reported positive financial results in June, including the highest quarterly PBDIT and operating profit margins, the recent trend of falling investor participation, indicated by a significant drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark Sensex, which has decreased by only 2.34% over the past week. While the stock has shown a year-to-date gain of 2.25%, it has significantly lagged behind the Sensex's 2.48% increase. The long-term performance also highlights a stark contrast, with the stock down 31.10% over the past year compared to the Sensex's modest decline of 2.08%. This underperformance, coupled with the recent consecutive losses and declining investor interest, indicates that Manali Petrochemicals Ltd is facing challenges that are impacting its stock price negatively.