Why is Panama Petrochem falling/rising?

As of 05-Sep, Panama Petrochem Ltd is experiencing a decline in its stock price, currently at Rs 293.50, which reflects a decrease of Rs 6.5 or 2.17%. The stock has underperformed its sector by 1.35% today and has been on a downward trend, losing 3.45% over the last two days. It is also trading close to its 52-week low, just 0.51% away from Rs 292. The stock's performance over the past month shows a significant decline of 16.57%, and it has generated a return of -28.39% over the last year, indicating consistent underperformance against the benchmark. Additionally, the company has reported negative financial results, including a drop in profits by 10% and a low return on capital employed (ROCE) of 19.15%, which may contribute to investor concerns.
In the broader market context, the Sensex has shown a positive return of 1.13% over the past week, contrasting sharply with Panama Petrochem's decline of 1.84%. This disparity highlights the stock's struggle to keep pace with the market. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence among institutional investors, potentially impacting liquidity and investor sentiment. Overall, the combination of poor recent performance, negative financial indicators, and weak investor participation contributes to the downward pressure on Panama Petrochem's stock price.