Why is SPIC falling/rising?

As of 02-Sep, Southern Petrochemical Industries Corporation Ltd. is experiencing a decline in its stock price, currently at Rs 111.05, which reflects a decrease of Rs 5.25 or 4.51%. Today's price summary indicates that the stock has underperformed its sector by 5.2% and has fallen after two consecutive days of gains, touching an intraday low of Rs 110.45. Despite this decline, the stock has shown strong performance over the past month with an 18.82% increase and a year-to-date return of 51.48%. The company has a low Debt to EBITDA ratio of 1.18 times, indicating a strong ability to service its debt, and has reported healthy long-term growth with an operating profit growth rate of 31.47%. However, its profits have fallen by 7.5% over the past year, which may contribute to the recent price drop.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex over various periods, including a 24.92% return over the last year compared to the Sensex's decline of 2.91%. The stock's liquidity remains adequate, with increased delivery volume indicating rising investor participation, particularly from institutional investors who have increased their stake by 1.65%. This suggests a positive outlook for the company despite the current price decline, as institutional investors typically possess better analytical capabilities regarding company fundamentals. Overall, while SPIC is facing a short-term price drop, its long-term performance and fundamentals remain strong.