Why is Multibase India falling/rising?

As of 26-Aug, Multibase India Ltd is experiencing a decline in its stock price, currently at Rs 243.00, reflecting a decrease of Rs 5.0 or 2.02%. Today's performance indicates that the stock has outperformed its sector by 0.74%, despite touching an intraday low of Rs 241.2, which represents a drop of 2.74%. Over the past week, the stock has shown a modest gain of 1.29%, but it has significantly underperformed over the longer term, with a 1-month return of -9.62% and a year-to-date return of -28.22%. The company's recent financial performance has been disappointing, with a notable decline in profit before tax, profit after tax, and net sales compared to previous quarters, contributing to a perception of the stock as a strong sell.
In the broader market context, while Multibase India has outperformed the Sensex by 1.29% over the past week, it has still faced challenges, as the benchmark index has declined by 1.05% during the same period. The petrochemicals sector, in which the company operates, has also fallen by 2.62%, indicating sector-wide pressures. Additionally, the stock's high dividend yield of 22.58% may attract some investors, but the overall negative sentiment is reinforced by its underperformance against the BSE500 over the last three years, one year, and three months. This combination of poor financial results, declining investor participation, and broader sector weakness suggests that the stock's recent price movement is primarily downward.