Why is Shivalik Rasayan falling/rising?

As of 26-Aug, Shivalik Rasayan Ltd's stock price is currently at Rs. 475.90, reflecting a decline of Rs. 16.1 or 3.27%. The stock has recently hit a new 52-week low of Rs. 472 and has been on a downward trend, losing 7.23% over the past week and 12.97% over the last month. It has underperformed its sector by 1.4% today and has seen a significant drop in investor participation, with delivery volume decreasing by 27.29% compared to the 5-day average. The stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Despite a low debt-to-equity ratio and a rise in profits by 26.1% over the past year, the stock's return of -16.33% suggests underlying issues, including poor management efficiency reflected in a low return on equity of 5.85% and flat quarterly results. In the broader market context, Shivalik Rasayan's performance has been notably weaker than the benchmark, with a year-to-date decline of 37.86% compared to a 3.39% increase in the Sensex. The stock has consistently underperformed against the BSE500 over the last three years, which may contribute to the lack of confidence from domestic mutual funds, as evidenced by their negligible stake in the company. This persistent underperformance, coupled with the company's low profitability and growth rates, paints a concerning picture for potential investors, further exacerbating the stock's decline.