Why is Shivam Chemicals falling/rising?

As of 29-Oct, Shivam Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 62.02, which reflects a decrease of Rs 7.98 or 11.4%. The stock has underperformed significantly today, with a performance that is 11.83% lower than its sector. It has shown erratic trading patterns, not trading on one day out of the last twenty, and has reached an intraday low of Rs 62.02. The stock has been highly volatile today, with an intraday volatility of 6.04%, and the delivery volume has fallen by 50% compared to the five-day average, indicating a decrease in investor participation. Furthermore, while the stock is trading above the 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages, suggesting a bearish trend. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In the context of broader market performance, Shivam Chemicals has underperformed relative to the Sensex, with a one-week return of -11.75% compared to the Sensex's gain of 0.68%. Over the past month, the stock has declined by 15.42%, while the Sensex has increased by 5.76%. Despite a year-to-date return of 21.63%, which is favorable compared to the Sensex's 8.78%, the recent short-term performance indicates a significant downturn, highlighting a disconnect between the stock's longer-term gains and its current struggles in the market.