Why is Polychem falling/rising?

As of 10-Oct, Polychem Ltd's stock price is currently at 2,210.00, reflecting a decrease of 192.2 points, or 8.0%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 9.15%. Although it opened with a gain of 4.03% today and reached an intraday high of Rs 2,499, it also experienced significant volatility, touching a low of Rs 2,150.2, which represents a decline of 10.49%. The stock's performance over the past week shows a decrease of 6.24%, and it has underperformed the sector by 8.39%. Additionally, Polychem's trading is below all major moving averages, indicating a bearish trend, and there has been a notable drop in investor participation, with delivery volume falling by 50% compared to the five-day average.
In the broader market context, Polychem's recent performance contrasts sharply with the Sensex, which has gained 1.59% over the past week. The stock's year-to-date return is down 16.45%, while the Sensex has increased by 5.58% during the same period. This stark difference highlights the stock's struggle relative to the overall market. The high volatility and wide trading range today suggest uncertainty among investors, contributing to the stock's downward movement. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to the benchmark are driving Polychem's stock price lower.