Why is Resonance Speci. falling/rising?

As of 23-Sep, Resonance Specialities Ltd is experiencing a decline in its stock price, currently at Rs 102.20, which reflects a decrease of Rs 1.15 or 1.11%. Today's price summary indicates that the stock has underperformed its sector by 0.55% and has fallen after three consecutive days of gains, touching an intraday low of Rs 100.5, a drop of 2.76%. Over the past week, the stock has decreased by 0.73%, while it has shown a modest increase of 1.49% over the past month. Despite positive financial results over the last four quarters, including a significant rise in profits and a low debt-to-equity ratio, the stock's recent performance suggests a struggle to maintain upward momentum, particularly in light of its current trading position relative to moving averages.
In the broader market context, the stock's short-term performance has been weaker than the benchmark Sensex, which has declined by only 0.34% over the past week. While Resonance Specialities has shown a year-to-date return of 5.25%, its longer-term performance over three years has significantly lagged behind the Sensex, which has gained 41.31%. This disparity may contribute to investor sentiment affecting the stock's price. The rising investor participation, indicated by a 51.16% increase in delivery volume, suggests some interest, but the overall market conditions and recent price movements indicate a cautious outlook for the stock.