Why is Tata Chemicals falling/rising?

As of 18-Sep, Tata Chemicals Ltd. is experiencing a decline in its stock price, currently at 989.20, which reflects a decrease of 15.95 or 1.59%. The stock has underperformed its sector by 1.29% today and has seen a trend reversal after three consecutive days of gains. Despite this recent downturn, Tata Chemicals is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this drop. Over the past week, the stock has increased by 2.22%, and over the past month, it has risen by 4.62%. However, its year-to-date performance remains negative at -5.74%, with profits having fallen by 43.1% over the past year, contributing to a return of -2.78%.
In the broader market context, Tata Chemicals' recent performance can be compared to the Sensex, which has increased by 1.80% over the past week and 2.14% over the past month. The stock's high institutional holdings at 35.49% suggest that informed investors are closely monitoring the company's fundamentals, which may provide some support against further declines. The company has recently reported positive results after two consecutive negative quarters, with strong operating profit metrics, yet the significant drop in profits over the past year raises concerns. This combination of factors contributes to the stock's current volatility and recent price decline.