Why is Sudarshan Chem falling/rising?

As of 06-Nov, Sudarshan Chemical Industries Ltd is experiencing a decline in its stock price, currently at 1,090.00, reflecting a decrease of 70.9 points or 6.11%. Today's price summary indicates that the stock has underperformed its sector by 3.07%, with an intraday low of Rs 1,077.5, marking a drop of 7.18%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While the stock has shown healthy long-term growth with a 25.90% annual increase in net sales and consistent returns over the past three years, negative factors such as a significant drop in operating cash flow and a 48.65% decline in profit after tax over the last six months have contributed to the current price movement. Additionally, the reduction in promoter stake by 8.21% suggests a lack of confidence in the company's future.
In the broader market context, Sudarshan Chemical's short-term performance has been notably poor, with a 7.43% decline over the past week, contrasting sharply with the Sensex, which has only fallen by 1.30% during the same period. Over the past month, the stock has decreased by 17.94%, while the Sensex has gained 1.86%. This underperformance highlights the challenges faced by Sudarshan Chemical in the current market environment, particularly in the Dyes & Pigments sector, which has also seen a decline of 3%. Despite its strong market position and historical returns, the recent financial setbacks and decreasing promoter confidence have led to a negative sentiment surrounding the stock.