Why is SPIC falling/rising?

As of 04-Aug, Southern Petrochemical Industries Corporation Ltd. is experiencing a decline in its stock price, currently at 92.99, reflecting a decrease of 0.51 or 0.55%. The stock has been underperforming recently, having fallen for the last four consecutive days, resulting in a total drop of 7.47% during this period. Although the stock has shown strong long-term performance with a year-to-date increase of 26.84% and a three-year increase of 74.79%, it has recently underperformed its sector by 0.35%. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the downward price movement.
In the broader market context, the stock's recent short-term performance contrasts with the benchmark, as it has declined by 4.62% over the past week while the Sensex has increased by 0.16%. Despite this short-term weakness, the company has a strong ability to service its debt, indicated by a low Debt to EBITDA ratio of 1.18 times, and has seen an increase in institutional investor participation, which may provide some support for the stock. However, the recent decline in profits by 3.7% over the past year, despite generating a return of 12.05%, suggests that the market may be reacting to concerns about profitability, contributing to the stock's current downward trend.