Why is Shivalik Rasayan falling/rising?

As of 02-Sep, Shivalik Rasayan Ltd's stock price is currently at Rs 457.90, reflecting an increase of Rs 7.9 or 1.76%. The stock has shown a trend reversal, gaining after eight consecutive days of decline, and today it outperformed its sector by 1.67%. However, it remains close to its 52-week low, just 1.74% away from Rs 449.95. Over the past week, the stock has decreased by 3.78%, and its year-to-date performance shows a significant decline of 40.21%. Despite a recent uptick, the stock is trading below all key moving averages, indicating ongoing bearish sentiment. The company has a low debt-to-equity ratio and an attractive valuation, but it also faces challenges such as poor management efficiency and consistent underperformance against benchmarks.
In the broader market context, Shivalik Rasayan's short-term performance has been notably worse than the Sensex, which has only declined by 0.78% over the same period. The stock's long-term returns have also been disappointing, with a 53.09% drop over the last three years compared to a 36.32% gain in the benchmark. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects. Overall, while there are some positive indicators such as rising profits and a low debt ratio, the persistent underperformance and management issues contribute to a cautious outlook for the stock.