Why is Shivalik Rasayan falling/rising?

As of 11-Aug, Shivalik Rasayan Ltd is currently priced at 549.05, reflecting a slight increase of 0.7 (0.13%). However, the stock has underperformed its sector today by 0.91% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 4.74%, while it has shown a modest gain of 4.36% over the past month. Despite a 34.8% increase in profits over the last year, the stock has generated a return of -7.40%, indicating a disconnect between profitability and stock performance. The company has a low Debt to Equity ratio of 0.08 times, but its low Return on Equity (ROE) of 5.85% and poor management efficiency raise concerns about its profitability. Additionally, the stock's low liquidity and the significant drop in delivery volume by 61.55% against the 5-day average suggest waning investor interest.
In the broader market context, Shivalik Rasayan has consistently underperformed against the benchmark, with a return of -28.31% year-to-date compared to a 3.15% gain in the Sensex. The stock has also lagged behind the BSE500 in each of the last three annual periods, indicating a trend of underperformance. This consistent decline, coupled with the lack of domestic mutual fund investment, may signal a lack of confidence in the company's future growth prospects. Overall, while there are some positive factors such as fair valuation and profit growth, the negative indicators regarding management efficiency and market performance contribute to the stock's recent struggles.