Why is Shivalik Rasayan falling/rising?

As of 18-Nov, Shivalik Rasayan Ltd is experiencing a decline in its stock price, currently at Rs 410.55, which reflects a decrease of Rs 6.8 or 1.63%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.7% during this period. It is also trading close to its 52-week low, just 1.33% above Rs 405.1. In terms of returns, the stock has shown a significant decline of 46.40% year-to-date and 22.76% over the past year, while its profits have only marginally increased by 0.1%. The company has a low Debt to Equity ratio, indicating a stable financial position, but its poor long-term growth, with net sales and operating profit growing at rates of 12.50% and 0.55% respectively over the last five years, raises concerns. Additionally, the recent flat quarterly results and low cash reserves further contribute to the negative sentiment surrounding the stock.
In the broader market context, Shivalik Rasayan's short-term performance has been notably weaker compared to the benchmark, with a 5.60% decline over the past week while the Sensex has gained 0.96%. This consistent underperformance against the benchmark over the last three years suggests a lack of investor confidence, as evidenced by the negligible stake held by domestic mutual funds. The stock's liquidity is adequate for trading, but the falling investor participation, as indicated by a 6.63% drop in delivery volume, reflects a diminishing interest in the stock. Overall, the combination of poor recent performance, disappointing financial results, and weak investor sentiment is driving the stock's decline.