Why is Sonal Adhesives falling/rising?

As of 08-Aug, Sonal Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 49.25, reflecting a decrease of Rs 2.04 or 3.98%. Today's price summary indicates that the stock has underperformed its sector by 3.25% and has fallen after four consecutive days of gains. It opened with a significant loss of 8.36%, reaching an intraday low of Rs 47. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 106.3% against the 5-day average, the overall performance remains weak, as indicated by the stock's year-to-date decline of 24.23%.
In the broader market context, Sonal Adhesives' short-term performance over the past week shows a gain of 0.72%, contrasting with the Sensex, which has declined by 0.92%. However, over the past month, the stock has underperformed significantly, with a drop of 10.65% compared to the Sensex's 4.60% decline. This underperformance is further highlighted by the stock's year-to-date and yearly returns, which are substantially negative at -24.23% and -34.34%, respectively, while the Sensex has shown a positive return of 2.20% year-to-date. Overall, the combination of negative price movements and poor relative performance against the benchmark indicates a challenging environment for Sonal Adhesives Ltd.