Why is Sh. Hari Chem. falling/rising?

As of 06-Aug, Shree Hari Chemicals Export Ltd is experiencing a decline in its stock price, currently at Rs 123.05, which reflects a decrease of Rs 2.95 or 2.34%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.21% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume by 78.52% against the 5-day average, the overall performance today shows that it has underperformed its sector by 2.43%. The stock's year-to-date performance is down by 11.79%, contrasting sharply with its impressive 1-year return of 50.06%.
In the broader market context, Shree Hari Chemicals has underperformed compared to the Sensex, which has seen a decline of only 1.15% over the past week while the stock has dropped by 5.38%. This trend continues over the past month, where the stock has decreased by 10.15% compared to a 3.46% decline in the benchmark. The liquidity of the stock remains adequate, as it is based on 2% of the 5-day average traded value, allowing for reasonable trade sizes. However, the significant drop in short-term returns relative to the benchmark suggests that investor sentiment may be cautious, contributing to the stock's recent downward movement.