Why is SPIC falling/rising?

As of 04-Sep, Southern Petrochemical Industries Corporation Ltd. is experiencing a decline in its stock price, currently at Rs 119.05, down by Rs 3.8 or 3.09%. Today's price summary indicates that the stock opened with a gain of 2.69% but subsequently fell to a day's low of Rs 117.85, reflecting a significant intraday volatility. Despite this, the stock has shown strong performance over the past week and month, with returns of 14.61% and 28.20%, 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%. Additionally, institutional investors have increased their stake, suggesting confidence in the company's fundamentals, although profits have fallen by 7.5% over the past year.
In the broader market context, the stock has outperformed the Sensex significantly over various time frames, including a year-to-date return of 62.39% compared to the benchmark's 3.30%. However, today's performance underperformed the sector by 1.83%, which may have contributed to the stock's decline. The overall market sentiment appears mixed, as the stock's recent volatility and the decline in profits could be causing some investors to reassess their positions despite the company's strong fundamentals and historical performance.