Why is Sonal Adhesives falling/rising?

As of 28-Jul, Sonal Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 53.00, reflecting a decrease of Rs 2.8 or 5.02%. Today's price summary indicates that the stock underperformed its sector by 3.56%, with an intraday low of Rs 52.5, marking a drop of 5.91%. The stock has shown a negative trend over various periods, with a one-week return of -1.85% and a one-month return of -5.71%. Over the past year, the stock has generated a return of -33.75%, while profits have decreased by 4.3%. Despite having an attractive valuation with a return on capital employed (ROCE) of 12.4 and trading at a discount compared to peers, the consistent underperformance against benchmarks and flat results in recent quarters contribute to the stock's downward movement.
In the broader market context, the stock's performance has been weaker than the benchmark, with the Sensex showing a decline of only 1.59% over the past week and 3.77% over the past month. Year-to-date, while the Sensex has gained 3.52%, Sonal Adhesives has seen a significant drop of 18.46%. This stark contrast highlights the stock's struggle to attract investor interest, as evidenced by a 28.78% decrease in delivery volume compared to the five-day average. The liquidity of the stock remains adequate for trading, but the overall market sentiment appears to be unfavorable, further exacerbating the stock's decline.