Why is Sonal Adhesives falling/rising?

As of 24-Sep, Sonal Adhesives Ltd's stock price is currently at Rs 46.17, reflecting a decline of Rs 1.49 or 3.13%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 11.19% during this period. Although the stock opened with a gain of 2.29% today and reached an intraday high of Rs 48.75, it also touched a low of Rs 46, indicating significant volatility. Over the past week, the stock has decreased by 8.77%, and its year-to-date performance shows a substantial decline of 28.97%. Despite a healthy long-term growth rate in net sales of 35.49%, the stock's profits have decreased by 11.7% over the past year, contributing to its negative performance.
In the broader market context, Sonal Adhesives has consistently underperformed against the benchmark, with a return of -35.43% over the last year compared to a -3.77% decline in the Sensex. The stock's performance has lagged behind the benchmark in each of the last three annual periods, which has likely affected investor sentiment. While there has been a rise in investor participation, as indicated by a 91.37% increase in delivery volume, the overall liquidity remains low, and the stock is trading below all key moving averages. This combination of factors suggests that the stock's recent decline is influenced by both its internal financial challenges and its inability to keep pace with broader market trends.