Why is Sudarshan Chem falling/rising?

As of 29-Sep, Sudarshan Chemical Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,353.10, which represents a decrease of Rs 46.45 or 3.32%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 11.18% during this period. Today's trading saw the stock touch an intraday low of Rs 1,344.30, and it has underperformed its sector by 1.13%. Despite a strong long-term growth trajectory with a 25.90% annual increase in net sales and a 22.87% return over the past year, recent negative financial results, including a significant drop in operating cash flow and profit after tax, have contributed to the stock's downward movement. Additionally, a reduction in promoter confidence, as indicated by a 7.49% decrease in their stake, further exacerbates concerns about the company's future prospects.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 10.67% decline over the past week compared to a 2.18% drop in the Sensex. While the stock has shown strong long-term performance, outperforming the BSE500 over various periods, the recent negative trends in both stock performance and financial health suggest a cautious outlook. The overall sector, Dyes & Pigments, has also faced a decline of 2.18%, indicating that the challenges faced by Sudarshan Chemical may be reflective of broader industry issues.