Why is Panama Petrochem falling/rising?

As of 09-Oct, Panama Petrochem Ltd's stock price is currently at Rs. 275.00, reflecting a decrease of Rs. 2.1 or 0.76%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 3.32% during this period. Over the past week, the stock has underperformed the sector by 0.87% and has shown significant underperformance against the benchmark, with a 1-year return of -30.39% compared to the Sensex's gain of 0.87%. Despite a healthy long-term growth in net sales and operating profit, the stock's recent performance has been negatively impacted by poor quarterly results, including the lowest recorded ROCE and operating profit margins, alongside a lack of domestic mutual fund investment, which may indicate a lack of confidence in the stock's valuation.
In the broader market context, Panama Petrochem's short-term performance has been significantly weaker than the benchmark, with a 1-week return of -2.74% compared to the Sensex's gain of 1.47%. This consistent underperformance over the last three years, coupled with a substantial decline in profits by 10% over the past year, has contributed to the stock's negative sentiment among investors. The stock is currently trading below all major moving averages, indicating a bearish trend, while rising investor participation suggests some interest despite the overall negative outlook. The liquidity of the stock remains adequate, but the persistent decline and negative financial indicators have led to a strong sell recommendation.