Why is Rel. Chemotex falling/rising?

As of 15-Jul, Reliance Chemotex Industries Ltd is experiencing a decline in its stock price, currently at Rs 187.10, which reflects a decrease of Rs 4.65 or 2.43%. Today, the stock opened with a significant gain of 8.42%, reaching an intraday high of Rs 207.9, but has since fallen, marking a consecutive decline over the last three days with a total drop of 3.56%. The stock has shown high volatility today, with an intraday range of Rs 22.1, and has underperformed its sector by 3.77%. Despite a positive operating profit report and attractive valuation metrics, the stock has generated a negative return of -23.66% over the past year, indicating ongoing challenges in its long-term fundamental strength, particularly with a weak CAGR growth in operating profits and a high Debt to EBITDA ratio.
In the broader market context, Reliance Chemotex's short-term performance contrasts with the benchmark, as it has gained 4.29% over the past week while the Sensex has declined by 1.36%. However, the stock's year-to-date performance remains poor at -10.90%, significantly underperforming the Sensex, which has increased by 5.67%. This consistent underperformance against the benchmark over the last three years, coupled with declining investor participation and liquidity issues, suggests that market sentiment is currently negative towards Reliance Chemotex, contributing to its falling stock price.