Why is Shivalik Rasayan falling/rising?

As of 04-Aug, Shivalik Rasayan Ltd's stock price is currently at Rs 576.40, reflecting a decrease of Rs 13.7 or 2.32%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.82% during this period. Additionally, the stock has shown a return of +7.44% over the past week, contrasting with a -2.89% return over the past month. Despite a low Debt to Equity ratio and a fair valuation indicated by a PEG ratio of 1.6, the company faces challenges such as poor management efficiency with a low Return on Equity (ROE) of 5.85% and sluggish long-term growth in net sales and operating profit. Furthermore, the lack of domestic mutual fund investment may suggest a lack of confidence in the company's prospects.
In the broader market context, Shivalik Rasayan's recent performance has been notably better than the benchmark Sensex, which has only gained 0.16% over the past week. However, the stock's year-to-date performance remains concerning, with a decline of 24.74% compared to the Sensex's increase of 3.69%. The stock's liquidity appears adequate, but falling investor participation, as evidenced by a significant drop in delivery volume, may indicate waning interest among investors. Overall, the combination of recent price declines, underperformance against benchmarks, and negative sentiment surrounding management efficiency and growth prospects contribute to the stock's current downward trajectory.