Why is Shivalik Rasayan falling/rising?

As of 26-Sep, Shivalik Rasayan Ltd's stock price is currently at Rs. 440.95, reflecting a decrease of Rs. 16.25 or 3.55%. The stock has recently hit a new 52-week low of Rs. 430.05 and has been on a downward trend, losing value for the past seven days with a total decline of 9.36%. It has underperformed its sector by 1.56% today, and trading volumes indicate a lack of investor interest, with delivery volume falling by 33.76% compared to the five-day average. The stock's performance over various periods shows significant underperformance, with a year-to-date return of -42.43% and a three-year return of -48.96%. While the company has a low debt-to-equity ratio and has seen profit growth of 26.1% over the past year, its low return on equity of 5.85% and poor management efficiency raise concerns about profitability and long-term growth.
In the broader market context, Shivalik Rasayan's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex by 4.73% over the past week and by 41.36% over the past three years. The stock's consistent underperformance against the benchmark indicates a lack of confidence among investors, further exacerbated by the absence of domestic mutual fund investment, which suggests a lack of comfort with the company's valuation. Overall, the combination of declining stock price, poor management efficiency, and weak investor participation contributes to the negative sentiment surrounding Shivalik Rasayan Ltd.