Why is Multibase India falling/rising?

As of 18-Sep, Multibase India Ltd is experiencing a decline in its stock price, currently at 247.00, which reflects a decrease of 0.75 or 0.3%. The stock has underperformed its sector by 2.33% today, and while it is higher than its 20-day moving average, it remains lower than the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.80%, and year-to-date, it has seen a significant drop of 27.04%. The company reported a decline in key financial metrics, including a 35.1% drop in profit before tax and a 37.2% decrease in profit after tax compared to the previous four-quarter average, which contributes to its negative performance.
In the broader market context, the Sensex has increased by 1.80% over the past week, indicating that Multibase India is lagging behind the market. The petrochemicals sector has gained by 2.03%, further highlighting the stock's underperformance. Despite a high dividend yield of 21.39%, the stock's valuation appears expensive with a price-to-book ratio of 4, and it has consistently underperformed against the BSE500 over various time frames. This combination of poor financial results, high valuation concerns, and declining investor participation suggests that the stock is facing significant challenges in the current market environment.