Why is Primo Chemicals falling/rising?

As of 25-Sep, Primo Chemicals Ltd is experiencing a decline in its stock price, currently at 25.17, which reflects a decrease of 0.19 or 0.75%. The stock has underperformed its sector by 0.96% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.19% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 25.69% compared to the 5-day average, suggesting a reduction in investor participation. Overall, the stock has shown poor performance over various timeframes, with a year-to-date decline of 32.19% and a staggering 66.66% drop over the past three years.
In the broader market context, the stock's short-term performance mirrors the benchmark, with a 1-week return of -2.21% compared to the Sensex's -2.23%. However, the stark contrast in longer-term performance is evident, as the stock has significantly underperformed the benchmark over the past year and three years. While the Sensex has gained 3.87% year-to-date, Primo Chemicals has faced substantial losses, indicating a challenging environment for the company relative to the overall market. This persistent underperformance and declining investor interest contribute to the stock's current downward trajectory.