Why is Manali Petrochem falling/rising?

As of 24-Sep, Manali Petrochemicals Ltd is experiencing a decline in its stock price, currently at 66.52, which reflects a decrease of 0.32 or 0.48%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 4.26% during this period. Additionally, the stock's performance today has underperformed its sector by 1.78%. In terms of returns, the stock has shown a year-to-date increase of 5.24%, but it has significantly underperformed over the longer term, with a 19.70% decline over the past year and a 30.09% drop over the last three years. Notably, there has been a decrease in investor participation, with delivery volume falling by 37.82% against the five-day average, indicating waning interest among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight increase of 0.50% over the past month, Manali Petrochemicals has declined by 1.09% during the same period. This indicates that while the broader market has been relatively stable, the stock has struggled to maintain its value. The stock's moving averages suggest mixed signals; it is currently above the 100-day and 200-day moving averages but below the shorter-term 5-day, 20-day, and 50-day averages, further highlighting its recent struggles. Overall, the combination of declining investor interest and underperformance relative to the benchmark contributes to the stock's recent downward trend.