Why is Panama Petrochem falling/rising?

As of 23-Sep, Panama Petrochem Ltd's stock price is currently at 290.00, reflecting a decrease of 4.05, or 1.38%. The stock has recently hit a new 52-week low of Rs.288.4 and has been on a consecutive decline for the last five days, resulting in a total drop of 3.94% over that period. Additionally, the stock has underperformed its sector by 0.63%. Over the past year, Panama Petrochem has generated a return of -27.25%, while its profits have fallen by 10%. Despite having a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the company has faced negative results in its latest financial report, which may have contributed to the current downward trend.
In the broader market context, Panama Petrochem's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -3.94% compared to the Sensex's -0.34%. This consistent underperformance against the benchmark over the last three years, coupled with a lack of domestic mutual fund investment, suggests a lack of confidence in the stock's future prospects. The stock's trading below all key moving averages further indicates bearish sentiment among investors, reinforcing the notion that the stock is currently viewed as a strong sell.