Why is SPIC falling/rising?

As of 08-Jul, Southern Petrochemical Industries Corporation Ltd. is experiencing a decline in its stock price, currently at 85.94, which reflects a decrease of 1.46 or 1.67%. The stock has been underperforming, having lost 7.39% over the last six days, and it is trading lower than its 5-day and 20-day moving averages. Additionally, the stock's performance over the past week shows a decline of 6.59%, while its year-to-date return stands at a positive 17.23%. Despite a strong ability to service debt and an attractive valuation compared to peers, the stock's recent movement is negatively impacted by a significant drop in delivery volume, which has fallen by 53.05% against the 5-day average, indicating reduced investor participation.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with the stock's significant decline. This underperformance relative to the benchmark suggests that investor sentiment towards Southern Petrochemical Industries Corporation Ltd. is weakening, despite a recent increase in institutional investor participation, which has risen by 3.16% in the previous quarter. The overall market conditions and the company's recent struggles, including a year-over-year profit decline of 3.7%, contribute to the stock's downward trajectory.