Why is Polychem falling/rising?

As of 24-Sep, Polychem Ltd's stock price is currently at 2,412.50, reflecting a decline of 151.85 points or 5.92%. The stock has underperformed its sector by 5.43% today, following a trend reversal after four consecutive days of gains. It opened with a loss of 2.37% and reached an intraday low of Rs 2300, which is a significant drop of 10.31%. Over the past week, the stock has decreased by 1.19%, and over the last month, it has seen a substantial decline of 13.55%. Despite a strong performance over the long term, with a 162.29% increase over three years and 405.87% over five years, the stock has faced challenges recently, including an 8.79% decline year-to-date and a 24.61% drop over the past year. The company maintains a low debt-to-equity ratio, which is a positive factor, but the recent price movement suggests investor caution.
In the broader market context, Polychem's recent performance contrasts with the Sensex, which has gained 0.50% over the past month and 4.58% year-to-date. The stock's decline today indicates a lack of momentum compared to the benchmark, especially as it has fallen significantly while the market has remained relatively stable. The rising investor participation, with a 370% increase in delivery volume on 23 September, suggests some interest, but the overall liquidity remains adequate for trading. This mixed sentiment, combined with the stock's recent underperformance against both its sector and the broader market, contributes to the downward pressure on Polychem's stock price.