Why is Shivalik Rasayan falling/rising?

As of 03-Sep, Shivalik Rasayan Ltd's stock price is currently at Rs 457.00, reflecting a decrease of -0.9 (-0.2%). The stock is trading close to its 52-week low, just 1.54% away from Rs 449.95. It has underperformed its sector by -1.56% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by -3.97%, and it has seen a significant drop in investor participation, with delivery volume falling by -15.84% against the 5-day average. Additionally, the stock has generated a return of -15.37% over the past year, despite a 26.1% increase in profits, indicating a disconnect between profitability and stock performance. The company's low Return on Equity (ROE) of 5.85% and poor management efficiency further contribute to the negative sentiment surrounding the stock.
In the broader market context, Shivalik Rasayan's performance has been notably weaker than the benchmark, with a -22.63% decline over the past month compared to a negligible -0.04% change in the Sensex. This consistent underperformance over the last three years, coupled with a lack of domestic mutual fund investment, suggests a lack of confidence among institutional investors. The company's low debt-to-equity ratio and attractive valuation metrics, such as a PEG ratio of 2, do not seem to be enough to offset concerns regarding its long-term growth prospects and management efficiency. Overall, the stock's recent decline can be attributed to a combination of poor short-term performance, declining investor interest, and underlying financial inefficiencies.