Why is Polychem falling/rising?

As of 08-Jul, Polychem Ltd's stock price is currently at 2,574.95, reflecting a decline of 27.5 points or 1.06%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 1.87% during this period. Today's trading saw the stock reach a high of Rs 2,680.45 but also dip to a low of Rs 2,541.5. The stock's performance over the past week shows a decrease of 4.25%, while it has gained 32.05% over the past month. However, the company has reported weak long-term fundamentals, including a significant decline in net sales by 28.69% and negative results for the last three consecutive quarters, which have contributed to its recent price movement.
In the broader market context, Polychem's performance has lagged behind the Sensex, which has shown a slight increase of 0.02% over the past week. The stock's year-to-date performance is down by 2.65%, contrasting with the Sensex's gain of 7.13% during the same period. The company's return on equity is low at 6.4, and it is trading at a premium compared to its peers, indicating a lack of investor confidence. Additionally, the falling investor participation, with a 22.8% drop in delivery volume, suggests decreasing interest in the stock, further exacerbating its downward trend.