Why is Shivam Chemicals falling/rising?

As of 25-Sep, Shivam Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 68.60, which reflects a decrease of Rs 6.4 or 8.53%. Today's price summary indicates that the stock has underperformed its sector by 8.74% and has seen a trend reversal after three consecutive days of gains. The stock opened with a loss of 4.63% and reached an intraday low of Rs 68, marking a decline of 9.33%. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, there has been a notable drop in investor participation, with delivery volume falling by 27.08% against the 5-day average. The positive and negative factors dashboard is unavailable, which limits further insights into specific influences on the stock's movement.
In the broader market context, Shivam Chemicals has shown strong performance over the past week and month, with returns of 12.09% and 18.28%, respectively, while the benchmark Sensex has declined by 2.23% and 0.58% during the same periods. Year-to-date, the stock has outperformed the Sensex significantly, with a return of 34.54% compared to the benchmark's 3.87%. However, the recent decline in price suggests a temporary setback, potentially influenced by market volatility and reduced trading activity, despite its overall strong performance relative to the benchmark in the longer term.