Why is SPIC falling/rising?

As of 21-Aug, Southern Petrochemical Industries Corporation Ltd. is experiencing a decline in its stock price, currently at Rs 110.44, which reflects a decrease of Rs 2.78 or 2.46%. Today's performance indicates that the stock has underperformed its sector by 2.7% and has seen a trend reversal after three consecutive days of gains. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 30.61% and 30.62%, respectively. The company has a low Debt to EBITDA ratio of 1.18 times, indicating a strong ability to service debt, and has reported healthy long-term growth with an annual operating profit increase of 31.47%. However, it is important to note that profits have fallen by 7.5% over the past year, which may contribute to the current price decline.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has only increased by 1.74% over the past week. This suggests that while SPIC has been performing well in the long term, its short-term fluctuations are more pronounced compared to the benchmark. The increase in institutional investor participation, with a 1.65% rise in stake over the previous quarter, indicates confidence in the company's fundamentals, yet the recent price movement may reflect profit-taking or market corrections following its substantial gains. Overall, while the stock has shown consistent returns over the last three years, the current decline may be influenced by short-term market dynamics and profit adjustments.