Why is Shankar Lal Ram. falling/rising?

As of 28-Jul, Shankar Lal Rampal Dye-Chem Ltd's stock price is currently at Rs 81.00, reflecting a decrease of Rs 1.5 or 1.82%. Today's performance indicates that the stock underperformed its sector by 0.88%, with an intraday low of Rs 80.09, marking a decline of 2.92%. Despite trading above its moving averages for 5, 20, 50, 100, and 200 days, the stock has shown a significant drop in investor participation, with delivery volume falling by 49.89% against the 5-day average. Over the past year, the stock has generated a return of -38.17%, while its profits have increased by 73.4%, indicating a disconnect between price performance and profitability. Additionally, the company has a low Debt to Equity ratio and has reported positive results for the last five consecutive quarters, which could suggest underlying strength; however, the stock's valuation appears expensive compared to peers.
In the broader market context, Shankar Lal Rampal Dye-Chem Ltd's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a decline of 1.59% over the past week and 3.77% over the past month. The stock's year-to-date performance is notably poor at -5.69%, while the Sensex has gained 3.52% in the same period. This consistent underperformance against the benchmark over the last three years, coupled with a lack of investment from domestic mutual funds, suggests that market sentiment may be cautious regarding the stock's future prospects. Despite positive sales growth and strong quarterly results, the overall trend indicates that investors are wary, leading to the stock's decline.