Why is Shivalik Rasayan falling/rising?

As of 24-Sep, Shivalik Rasayan Ltd's stock price is currently at 458.25, reflecting a decrease of 5.85 points or 1.26%. The stock has been on a downward trend, having underperformed its sector by 0.77% today and has experienced a consecutive decline over the past five days, resulting in a total drop of 5.81%. It is also trading close to its 52-week low, just 3.96% above the low of Rs 440.1. Despite a low Debt to Equity ratio of 0.08 and a relatively attractive valuation with a PEG ratio of 2, the company has shown poor management efficiency with a low Return on Equity (ROE) of 5.85%, indicating low profitability. Additionally, the stock's performance has been lackluster over the past year, generating a return of -13.70%, while profits have increased by 26.1%, suggesting that the market is not fully valuing the company's potential.
In the broader market context, Shivalik Rasayan's short-term return of -5.81% over the past week contrasts with the Sensex, which has only declined by 1.18% during the same period. This consistent underperformance against the benchmark, along with a lack of domestic mutual fund investment, may indicate a lack of confidence in the company's future growth prospects. The stock has also shown poor long-term growth, with net sales and operating profit growth rates of only 12.67% and 2.20% respectively over the last five years. Overall, these factors contribute to a negative sentiment surrounding the stock, leading to its recent decline.