Why is Shivalik Rasayan falling/rising?

As of 23-Sep, Shivalik Rasayan Ltd is experiencing a decline in its stock price, currently at Rs 464.80, which reflects a decrease of Rs 7.95 or 1.68%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.46% 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. Despite a rise in delivery volume by 43.37% against the 5-day average, the overall performance remains weak, with the stock down 39.31% year-to-date compared to a 5.07% increase in the benchmark index.
In the broader market context, Shivalik Rasayan's short-term performance over the past week shows a decline of 2.96%, while the Sensex has only decreased by 0.34%. This indicates that the stock is underperforming relative to the market. Over the past month, the stock has dropped 6.40%, contrasting with a 0.98% gain in the Sensex, further highlighting its weakness. The lack of positive factors in the provided data suggests that there are no significant catalysts to support a rebound in the stock's price, contributing to its ongoing decline.