Why is Polychem falling/rising?

As of 09-Jul, Polychem Ltd's stock price is currently at 2,429.00, reflecting a decrease of 145.95, or 5.67%. The stock has been underperforming, having fallen consecutively for the last three days, with a total decline of 7.43% during this period. Today's performance indicates that the stock has underperformed its sector by 5.65%. Additionally, the stock has shown a significant drop in investor participation, with delivery volume decreasing by 72.33% compared to the five-day average. The company's financial health is concerning, as it has reported negative results for the last three consecutive quarters, including a 28.69% fall in net sales and a 56.48% decline in profit after tax over the latest six months. With a weak long-term fundamental strength and a low return on equity of 6.4, the stock is perceived as overvalued compared to its peers.
In the broader market context, Polychem's short-term performance has been notably poor, with a one-week return of -8.34%, while the Sensex has only increased by 0.15% during the same period. Over the past year, Polychem has generated a return of -15.10%, significantly underperforming the broader market, which has yielded a return of 1.43%. This stark contrast highlights the stock's struggles in a generally positive market environment, further contributing to the negative sentiment surrounding Polychem Ltd.