Why is Shivalik Rasayan falling/rising?

As of 08-Sep, Shivalik Rasayan Ltd is experiencing a decline in its stock price, currently at Rs. 441.05, which reflects a decrease of Rs. 8.95 or 1.99%. The stock has hit a new 52-week low of Rs. 440.1 today and has underperformed its sector by 2.5%. It has been on a consecutive downward trend for the last four days, resulting in a total decline of 3.68% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -20.09%, while its profits have increased by 26.1%, suggesting that despite some positive financial metrics, the stock's performance remains weak due to poor management efficiency and low profitability, as evidenced by a low return on equity of 5.85%. In the broader market context, Shivalik Rasayan's short-term performance has been notably worse than the benchmark, with a 1-week return of -1.99% compared to the Sensex's positive return of +0.53%. The stock has consistently underperformed against the benchmark over the last three years, contributing to a lack of investor confidence, as reflected in the minimal domestic mutual fund holdings. The company's low debt-to-equity ratio and attractive valuation metrics do not seem to be enough to offset concerns regarding its long-term growth prospects and management efficiency, which have led to a significant decline in investor participation and overall market sentiment towards the stock.