Why is Shivam Chemicals falling/rising?

As of 23-Oct, Shivam Chemicals Ltd is currently priced at Rs 68.00, reflecting a decrease of Rs 2.28, or 3.24%. The stock has been on a downward trend, having underperformed its sector by 2.7% today and experiencing consecutive losses over the last four days, resulting in a significant decline of 18.85% over the past week. Additionally, the stock has shown high volatility, with an intraday range of Rs 7.4 and a notable drop to an intraday low of Rs 66.6. While the stock's delivery volume has surged by 2677.78% on October 21, indicating rising investor participation, the overall performance remains weak compared to the benchmark returns, with a 1-month decline of 5.04% against a 2.99% increase in the Sensex.
In the broader market context, Shivam Chemicals' recent performance contrasts sharply with the Sensex, which has gained 1.30% over the past week. Despite a year-to-date increase of 33.36%, the stock's short-term struggles highlight a disconnect with the overall market trend. The stock's current price movement and recent volatility suggest that investor sentiment may be cautious, particularly given the recent erratic trading patterns and the stock's inability to maintain upward momentum. The lack of available positive or negative dashboard data further complicates the assessment of the stock's recent movements, leaving a gap in understanding the specific catalysts behind the decline.