Why is Rel. Chemotex falling/rising?

As of 25-Aug, Reliance Chemotex Industries Ltd is experiencing a decline in its stock price, currently at Rs 168.90, which reflects a decrease of Rs 1.2 or 0.71%. The stock has been on a downward trend, having fallen for the last two consecutive days, with a total return of -0.91% during this period. It has also underperformed significantly over the past week and month, with returns of -1.52% and -9.41%, respectively. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume plummeting by 92.31% compared to the 5-day average. While the company reported positive results in June with a higher profit after tax, its long-term fundamentals remain weak, characterized by a high debt-to-EBITDA ratio and low return on equity.
In the broader market context, Reliance Chemotex's performance has been notably poor compared to the benchmark, the Sensex, which has shown a positive return of 0.45% over the past week. The stock has consistently underperformed against the benchmark over the last three years, with a staggering -27.31% return in the past year, while the Sensex has gained 0.68%. This consistent underperformance, coupled with weak long-term growth prospects and high debt levels, contributes to the negative sentiment surrounding the stock, leading to its current decline.