Why is Meghmani Organi. falling/rising?

As of 04-Sep, Meghmani Organics Ltd is experiencing a decline in its stock price, currently at Rs 79.60, which reflects a decrease of Rs 3.2 or 3.86%. The stock has underperformed its sector by 3.76% today and has fallen after three consecutive days of gains. It touched an intraday low of Rs 79.60, and trading volumes indicate that more activity occurred near this low price. Over the past week, the stock has decreased by 3.05%, and its performance over the last month shows a significant drop of 13.66%. While the company has reported positive results for the last four quarters, including a substantial growth in profits, it faces challenges such as a weak long-term fundamental strength and consistent underperformance against benchmarks over the last three years.
In the broader market context, the Sensex has shown a slight increase of 0.80% over the past week, contrasting with Meghmani's decline. The stock's performance has lagged behind the benchmark, with a one-year return of -27.04% compared to the Sensex's -1.98%. This consistent underperformance, coupled with the lack of investment from domestic mutual funds, suggests a lack of confidence in the stock's future prospects. Despite attractive valuations and rising profits, the negative sentiment surrounding its long-term growth potential and profitability metrics may be contributing to the recent decline in stock price.