Why is Rel. Chemotex falling/rising?

As of 14-Jul, Reliance Chemotex Industries Ltd is experiencing a slight decline in its stock price, currently at 191.75, reflecting a change of -0.05 or -0.03%. The stock has been underperforming recently, having fallen for the last two days with a total decline of -1.16%. Despite this, it has outperformed its sector by 0.49% today and is trading above its moving averages across various time frames. However, the stock has shown a significant underperformance over the past year, with a return of -22.91%, while its profits have increased by 25.9%. This indicates a disconnect between the stock's market performance and its underlying profitability. The company has attractive valuation metrics, trading at a discount compared to peers, but it also faces challenges such as a high Debt to EBITDA ratio and weak long-term fundamental strength.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +7.21% compared to the benchmark's -1.42%. However, the stock's year-to-date performance remains negative at -8.69%, contrasting with the Sensex's positive return of +5.27%. This suggests that while there may be some short-term gains, the overall trend for Reliance Chemotex is concerning, particularly given its significant underperformance over the past year compared to the broader market. The weak long-term fundamentals and declining investor participation further contribute to the stock's challenges in gaining traction in the market.