Why is Resonance Speci. falling/rising?

As of 17-Sep, Resonance Specialities Ltd is experiencing a decline in its stock price, currently at 101.90, reflecting a decrease of 1.05 or 1.02%. The stock has underperformed its sector today by 2.01%, and while it is trading higher than its 20-day and 200-day moving averages, it is below its 5-day, 50-day, and 100-day moving averages. Over the past week, the stock has decreased by 1.97%, contrasting with a 1.56% increase in the Sensex. Despite a positive performance over the last month with a 0.59% increase, the stock's year-to-date return stands at 4.94%, which is lower than the Sensex's 5.83%. The company has shown strong financial performance, with a significant growth in PAT and net sales over the last six months, but the stock's recent movement reflects a broader trend of underperformance compared to market benchmarks.
Broader Market Context: The stock's recent decline can be contextualized within the broader market, where the Sensex has shown resilience with a positive return of 1.56% over the past week. While Resonance Specialities Ltd has demonstrated strong fundamentals, including a low debt-to-equity ratio and consistent profit growth, the stock's performance over the past year has been negative at -1.59%, which contrasts with the Sensex's slight decline of -0.46%. This divergence may indicate that investor sentiment is currently more favorable towards the broader market compared to the stock itself, despite its solid financial metrics and fair valuation relative to peers.