Why is Styrenix Perfor. falling/rising?

As of 14-Aug, Styrenix Performance Materials Ltd is experiencing a decline in its stock price, currently at Rs 2,648.00, reflecting a decrease of Rs 25.1 or 0.94%. The stock has underperformed its sector by 0.58% today and has been on a downward trend for the last three days, with a total decline of 4.25% during this period. Additionally, the stock has shown negative returns over the past week and month, with declines of 6.40% and 16.73%, respectively. Despite a strong long-term performance, including a 219.65% increase over three years, the recent trading activity indicates that Styrenix is currently trading below its moving averages, suggesting bearish sentiment. However, the company maintains high management efficiency with a return on equity of 29.21% and a low debt-to-equity ratio, which supports its long-term growth potential.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only decreased by 0.03% over the past week and has shown a positive return of 3.15% year-to-date. This indicates that Styrenix is lagging behind the market, contributing to investor concerns. While the stock has generated consistent returns over the past year, outperforming the BSE500, the current negative momentum and recent price movements suggest that investors may be reacting to short-term challenges rather than the company's overall strong fundamentals.