Why is S H Kelkar & Co. falling/rising?

As of 13-Aug, S H Kelkar & Company Ltd's stock price is currently at 222.30, reflecting a decrease of 3.15, or 1.4%. The stock has been underperforming, having lost 9.08% over the last four days and is trading below all key moving averages, indicating a bearish trend. Despite a strong performance over the past year with a return of 21.41%, the company has faced a decline in profits by 4.8%. The stock's valuation remains attractive due to a low debt-to-equity ratio and a discount compared to peers, but these factors have not prevented the recent price drop.
In the broader market context, S H Kelkar's recent performance contrasts sharply with the benchmark Sensex, which has remained relatively flat with a change of -0.01% over the past week. The chemicals sector has seen a gain of 2.01%, further highlighting the stock's underperformance. While there has been a notable increase in investor participation, as evidenced by a significant rise in delivery volume, the overall market sentiment appears to be weighing on the stock's price, contributing to its decline despite its long-term outperformance against the BSE500.