Why is Shivalik Rasayan falling/rising?

As of 18-Sep, Shivalik Rasayan Ltd's stock price is currently at Rs 483.90, reflecting a decrease of Rs 2.6, or 0.53%. The stock has shown a performance today that is inline with its sector, having touched an intraday low of Rs 453.15, which represents a decline of 6.86%. Over the past week, the stock has gained 1.33%, but it has underperformed over the longer term, with a year-to-date decline of 36.82% and a one-year return of -9.36%. The company's low debt-to-equity ratio of 0.08 times and attractive valuation metrics, such as a 1.4 enterprise value to capital employed, suggest some underlying strength. However, the stock's poor management efficiency, indicated by a low return on equity of 5.85%, and flat results in the most recent quarter, including a significant drop in profit after tax, contribute to its negative price movement.
Broader market context shows that while the Sensex has increased by 1.80% over the past week, Shivalik Rasayan's performance has lagged behind, with a 1-month return of -4.75% compared to the Sensex's gain of 2.14%. The stock's consistent underperformance against the benchmark over the last three years, alongside a significant drop in investor participation as evidenced by a 30.53% decrease in delivery volume, indicates a lack of confidence among investors. Additionally, the absence of domestic mutual fund investment, which stands at 0%, may reflect a broader skepticism regarding the company's future growth prospects, further contributing to the stock's decline.