Why is Sonal Adhesives falling/rising?

As of 22-Sep, Sonal Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 48.34, reflecting a decrease of Rs 3.65 or 7.02%. The stock has underperformed its sector by 6.32% today and opened with a loss of 3.83%. It reached an intraday low of Rs 46.61, which is a significant drop of 10.35%. Over the past week, the stock has decreased by 7.32%, and its year-to-date performance shows a decline of 25.63%. Despite a healthy long-term growth rate in net sales of 35.49%, the stock has faced challenges, including a consistent underperformance against benchmarks, with a return of -31.15% over the last year and a drop in profits by 11.7%.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting sharply with Sonal Adhesives' negative performance. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors. This combination of factors, including flat results in June and a consistent underperformance against the benchmark over the last three years, contributes to the stock's current downward trajectory.