Why is Resonance Speci. falling/rising?

As of 12-Aug, Resonance Specialities Ltd is experiencing a decline in its stock price, currently at 100.55, which reflects a decrease of 1.65 or 1.61%. The stock has underperformed its sector by 0.79% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 4.74% during this period. Over the past week, the stock has fallen by 5.81%, and in the last month, it has decreased by 11.76%. Despite these recent declines, the company has shown positive financial performance with a 30.02% growth in net sales over the last nine months and a significant increase in profits, which may provide some support for the stock's valuation.
In the broader market context, the Sensex has only declined by 0.59% over the past week and 2.75% over the last month, indicating that the stock's short-term performance is significantly worse than the benchmark. While the stock has a low debt-to-equity ratio and has reported positive results for four consecutive quarters, the falling investor participation, as evidenced by a 70.63% drop in delivery volume, suggests a lack of confidence among investors. Additionally, the stock's performance over the past three years has been notably poor, with a decline of 38.76%, contrasting sharply with the Sensex's gain of 34.93% during the same period. This combination of factors contributes to the stock's current downward movement.