Why is SPIC falling/rising?

As of 31-Jul, Southern Petrochemical Industries Corporation Ltd. is currently priced at Rs 98.33, reflecting a decrease of Rs 2.01 or 2.0%. The stock has been underperforming, having lost 2.16% over the last two days, and it touched an intraday low of Rs 97.5. Despite this recent decline, the stock has shown positive performance over the longer term, with a 15.72% return over the past year and a significant 367.13% increase over the last five years. However, the company has experienced a drop in profits by 3.7% over the same period, which may be contributing to the current price movement. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 53.41% against the five-day average, indicating reduced trading interest.
In the broader market context, the stock has outperformed the Sensex in both the short and long term, with a 6.88% gain over the past month compared to the benchmark's 3.00% decline. This suggests that while the stock is currently facing a downturn, it has been resilient relative to market trends. The increase in institutional investor participation, which has risen by 1.65% in the last quarter, may also provide some support for the stock's fundamentals, as these investors typically have more resources to analyze the company's potential. Overall, while SPIC is experiencing a short-term decline, its long-term performance and institutional backing may help stabilize its position in the market.