Why is Shankar Lal Ram. falling/rising?

As of 26-Sep, Shankar Lal Rampal Dye-Chem Ltd is experiencing a decline in its stock price, currently at Rs 67.05, which reflects a decrease of 3.52 (-4.99%). The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 10.5% over that period. It opened the day with a loss of 3.5% and reached an intraday low of Rs 67.05. 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 positive financial results, including a 68.25% growth in net profit and consistent positive results over the last five quarters, the stock's performance has been poor, with a year-to-date decline of 21.94% compared to a 2.93% increase in the Sensex.
In the broader market context, Shankar Lal Rampal Dye-Chem Ltd's short-term performance has significantly lagged behind the benchmark, with a 1-week decline of 10.50% compared to the Sensex's 2.66% drop. This underperformance is compounded by a notable decrease in investor participation, with delivery volume falling by 40.73% against the 5-day average. Although the company has a low debt-to-equity ratio and a fair valuation compared to peers, the substantial decline in stock price suggests that market sentiment remains negative despite the company's strong financial fundamentals.