Why is Oriental Carbon falling/rising?

As of 04-Aug, Oriental Carbon & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 209.80, which represents a decrease of 10.2 points or 4.64%. The stock has underperformed its sector by 5.22% today and has been on a downward trend, falling consecutively for the last two days with a total return decline of 8.96%. Over the past week, the stock has decreased by 2.87%, and its year-to-date performance shows a decline of 6.07%. Despite a low debt-to-equity ratio of 0.04, which is generally favorable, the stock's performance has been negatively impacted by a significant drop of 31.49% over the past year and a staggering 76.49% over the last three years. However, there has been an increase in institutional investor participation, with a 1.34% rise in their stake, indicating some level of confidence in the company's fundamentals.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting with Oriental Carbon's decline. While the benchmark index has gained 3.69% year-to-date, Oriental Carbon's performance has lagged significantly, with a year-to-date drop of 6.07%. This underperformance relative to the benchmark may reflect broader market conditions that are not favorable for the stock, despite some positive factors such as increased institutional investment. The liquidity of the stock remains adequate, which may provide some support, but the overall trend suggests a challenging environment for Oriental Carbon at this time.