Why is Polychem falling/rising?

As of 17-Sep, Polychem Ltd is currently priced at 2,441.45, reflecting a decline of 28.55 points or 1.16%. The stock has been underperforming, having fallen consecutively over the last two days with a total drop of 2.34%. Today's trading saw the stock reach an intraday high of Rs 2,550, but it has been trading closer to its lower price levels, indicating weaker investor interest, as evidenced by a significant drop in delivery volume by 90.59% compared to the 5-day average. Over the past week, the stock has decreased by 3.96%, and it has shown a year-to-date decline of 7.70%. Despite a low debt-to-equity ratio, which is generally favorable, the stock's recent performance suggests a lack of positive momentum.
In the broader market context, Polychem's performance has been notably weaker compared to the Sensex, which has gained 1.56% over the past week while Polychem has lost ground. The stock's year-on-year return of -21.24% starkly contrasts with the Sensex's slight decline of 0.46%, highlighting its underperformance in the market. This trend of falling prices, coupled with declining investor participation and liquidity concerns, indicates that Polychem is struggling to attract buyers, further exacerbating its price decline relative to the benchmark.