Why is Nocil falling/rising?

As of 06-Nov, Nocil Ltd. is experiencing a decline in its stock price, currently at Rs 175.80, which reflects a decrease of Rs 5.1 or 2.82%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -5.74% over the past week. Additionally, it is trading below all key moving averages, indicating a bearish trend. The company has reported negative results for four consecutive quarters, with a significant drop in net sales of -4.66% and a decline in profit after tax by -47.9% compared to the previous four-quarter average. This consistent underperformance, alongside a low debt-to-equity ratio and a high price-to-book value, suggests that the stock is viewed as a strong sell due to poor long-term growth prospects.
In the broader market context, Nocil's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 1.30% over the same week. This stark difference highlights the stock's struggles, particularly given its year-to-date return of -27.86% compared to the Sensex's gain of 6.62%. The falling investor participation, with a 44.15% drop in delivery volume, further underscores the lack of confidence in the stock, contributing to its liquidity issues. Overall, the combination of negative financial results, poor growth outlook, and significant underperformance against the benchmark indicates a challenging environment for Nocil Ltd.