Why is SPL Industries falling/rising?

As of 22-Jul, SPL Industries Ltd is experiencing a decline in its stock price, currently at 41.90, reflecting a decrease of 0.61 or 1.43%. The stock has underperformed its sector today by 1%, and its trading activity has been erratic, with no trades on 4 out of the last 20 days. Additionally, the stock's delivery volume has plummeted by 99.3% compared to the 5-day average, indicating a significant drop in investor participation. Over the past week, the stock has declined by 1.43%, while it has shown a positive return of 9.11% over the past month. However, the longer-term performance is concerning, with a year-to-date decline of 30.06% and a one-year drop of 32.58%, which highlights the company's struggles in generating returns.
In the broader market context, while the Sensex has shown a slight decline of 0.47% over the past week, SPL Industries has significantly underperformed the market, reflecting broader issues within the company. The company's financial health is under scrutiny, with negative results reported for the last two consecutive quarters and a substantial fall in net sales and operating profit over the past five years. Despite having a low debt-to-equity ratio and a fair valuation, the stock is trading at a premium compared to its peers, which may deter investors. The overall negative sentiment surrounding the company's declining earnings and poor long-term growth prospects contributes to the stock's downward movement.