Why is Sudarshan Chem falling/rising?

As of 31-Oct, Sudarshan Chemical Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,147.00, reflecting a decrease of Rs 30.5 or 2.59%. The stock has underperformed its sector by 1.4% today and has been on a downward trend for the last two days, accumulating a total loss of 3.01%. Additionally, it is trading below all key moving averages, indicating a bearish sentiment. Over the past week, the stock has decreased by 4.20%, while its performance over the last month shows a significant drop of 14.76%. Despite a healthy long-term growth rate in net sales of 25.90% annually and consistent returns over the last three years, the stock's recent performance is marred by negative financial results, including a 52.21% decline in profits over the past nine months and reduced promoter confidence, with a decrease in their stake by 8.21%.
In the broader market context, while the Sensex has shown a slight decline of 0.32% over the past week, Sudarshan Chemical's performance has been significantly worse, indicating that the stock is not only underperforming its sector but also facing challenges that are specific to the company. The stock's year-to-date return of 1.77% is notably lower than the Sensex's 7.42%, further emphasizing its struggles. The reduced investor participation, as evidenced by a 46.1% drop in delivery volume, suggests waning interest among investors, which could be contributing to the stock's current downward trajectory.