Why is Panama Petrochem falling/rising?

As of 19-Sep, Panama Petrochem Ltd's stock price is currently at 294.95, reflecting a decrease of 5.1, or 1.7%. The stock has been underperforming, with a consecutive decline over the last three days, resulting in a total drop of 2.3%. It is also trading close to its 52-week low, just 1.68% away from Rs 290. Despite opening the day with a gain of 2.55% and reaching an intraday high of Rs 307.7, the overall performance has been disappointing, with a 12.28% decline over the past month and a significant 25.47% drop over the last year. The company's financial health shows a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit; however, recent negative results, including a drop in profits and consistent underperformance against benchmarks, have contributed to the stock's decline.
In the broader market context, Panama Petrochem's recent performance contrasts sharply with the Sensex, which has gained 0.88% over the past week and 1.20% over the past month. The stock's year-to-date performance is particularly concerning, with a decline of 19.10% compared to the Sensex's increase of 5.74%. This consistent underperformance, coupled with a lack of domestic mutual fund investment, suggests a lack of confidence in the stock's valuation and future prospects. The overall market sentiment appears to favor other investments, further exacerbating the challenges faced by Panama Petrochem Ltd.