Why is Sonal Adhesives falling/rising?

As of 23-Sep, Sonal Adhesives Ltd is experiencing a decline in its stock price, currently at 47.66, reflecting a decrease of 0.68 or 1.41%. The stock has been on a downward trend, having fallen for the last two days, resulting in an overall drop of 8.33% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a healthy long-term growth rate in net sales of 35.49% and an attractive valuation with a return on capital employed (ROCE) of 12.4, the stock has underperformed significantly, with a year-to-date return of -26.68% and a one-year return of -32.18%, alongside a profit decline of 11.7%.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed against the Sensex, which has seen a modest gain of 5.07% year-to-date. Over the past three years, Sonal Adhesives has consistently lagged behind the benchmark, contributing to its negative sentiment among investors. While there has been a notable increase in delivery volume, suggesting rising investor participation, the overall trend remains negative due to the stock's flat results and consistent underperformance against its peers.