Why is Tata Chemicals falling/rising?

As of 26-Sep, Tata Chemicals Ltd. is experiencing a decline in its stock price, currently at Rs 931.75, reflecting a decrease of Rs 17.55 or 1.85%. The stock has been on a downward trend, having lost 3.37% over the last two days, and it touched an intraday low of Rs 928.8. In terms of performance against benchmarks, the stock has underperformed with a 1-week return of -6.24% compared to the Sensex's -2.66%, and a year-to-date return of -11.22% versus the Sensex's +2.93%. Despite the recent negative performance, the company has shown some positive results in June 2025, with a significant growth in profit after two consecutive quarters of losses, which may provide some support for the stock.
In the broader market context, Tata Chemicals' short-term performance is notably weaker than the benchmark, indicating a challenging environment for the stock. The company's high institutional holdings at 35.49% suggest that more sophisticated investors are involved, which could influence future price movements. However, the stock is trading at a discount compared to its peers, and while it has generated a negative return of -11.60% over the past year, its profits have significantly decreased by 43.1%. This combination of factors, including falling investor participation and mixed financial results, contributes to the stock's current downward trajectory.