Why is Shivalik Rasayan falling/rising?

As of 01-Sep, Shivalik Rasayan Ltd is experiencing a decline in its stock price, currently at Rs. 450.00, reflecting a decrease of Rs. 10.55 or 2.29%. The stock has hit a new 52-week low of Rs. 449.95 today and has been on a downward trend for the last eight days, accumulating a total drop of 12.28% during this period. In the past week, the stock has underperformed the sector by 3.09%, and over the last month, it has seen a significant decline of 23.81%. Despite a recent opening gain of 2.12%, the stock's performance has been hindered by low investor participation, with delivery volume falling by 55.5% against the five-day average. Additionally, the company has shown poor management efficiency with a low return on equity of 5.85% and has consistently underperformed against benchmarks over the last three years.
In the broader market context, Shivalik Rasayan's performance contrasts sharply with the Sensex, which has only declined by 1.56% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 41.25% compared to the Sensex's gain of 2.85%. While the company has a low debt-to-equity ratio and has seen profits rise by 26.1% over the past year, its long-term growth prospects appear weak, with net sales growing at an annual rate of only 12.67%. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation or business model, further contributing to the stock's downward trajectory.