Why is Shivalik Rasayan falling/rising?

As of 28-Aug, Shivalik Rasayan Ltd's stock price is currently at Rs. 463.00, reflecting a decrease of Rs. 12.9 or 2.71%. The stock has hit a new 52-week low of Rs. 460.95 today and has been on a downward trend, experiencing a consecutive fall over the last six days with a total decline of 9.75%. In terms of performance, the stock has underperformed its sector by 1.02% today and has shown significant negative returns over various periods, including a 39.55% drop year-to-date and a 56.47% decline over the last three years. While the company has a low debt-to-equity ratio and an attractive valuation compared to peers, it suffers from poor management efficiency, as indicated by a low return on equity of 5.85% and flat growth in net sales and operating profit over the past five years. Additionally, the lack of investment from domestic mutual funds suggests a lack of confidence in the company's prospects.
In the broader market context, Shivalik Rasayan's short-term performance has been notably worse than the benchmark, with a 1-week return of -8.55% compared to the Sensex's -2.34%. This consistent underperformance against the benchmark, alongside a significant drop in profitability as evidenced by a 54.5% decline in PAT for the last quarter, has contributed to investor skepticism. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative, as indicated by the declining price and the absence of substantial institutional support.