Why is Meghmani Organi. falling/rising?

As of 13-Aug, Meghmani Organics Ltd is experiencing a decline in its stock price, currently at Rs 83.48, which reflects a decrease of Rs 1.92 or 2.25%. The stock has underperformed its sector by 2.53% today and has been on a downward trend for the last two days, accumulating a total loss of 3.85% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.81%, and in the last month, it has fallen by 15.83%, while its year-to-date performance shows a modest gain of 8.53%. Despite positive quarterly results, including significant growth in profit before tax and profit after tax, the stock's overall performance has been lackluster, with a year-over-year return of -6.39%.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.01% over the past week and a modest gain of 3.07% year-to-date. This indicates that Meghmani Organics Ltd's recent struggles are not reflective of a broader market downturn but rather specific challenges faced by the company. The stock's liquidity has also decreased, with a notable drop in delivery volume, suggesting reduced investor interest. While the company has shown strong financial performance in recent quarters, the significant decline in stock price and underperformance against the benchmark indicate that investor sentiment may be cautious, leading to the current downward trend.