Why is Meghmani Organi. falling/rising?

As of 23-Sep, Meghmani Organics Ltd is experiencing a decline in its stock price, currently at 86.05, reflecting a decrease of 0.45 or 0.52%. Today's price summary indicates that the stock has underperformed its sector by 0.54%, and while it is trading above its 5-day, 20-day, and 200-day moving averages, it is below its 50-day and 100-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 50.84% compared to the 5-day average. Despite positive financial results over the last four quarters, including substantial growth in profit before tax and profit after tax, the stock has still generated a negative return of 17.06% over the past year, indicating underlying weaknesses in long-term fundamental strength and profitability.
In the broader market context, Meghmani Organics has shown a short-term return of 2.08% over the past week, contrasting with a slight decline of 0.34% in the Sensex. However, the stock has consistently underperformed against the benchmark over the last three years, with a significant decline of 29.73% compared to the Sensex's 41.31% increase during the same period. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation, further contributing to its downward pressure in the market.