Why is Tata Chemicals falling/rising?

As of 03-Nov, Tata Chemicals Ltd. is experiencing a decline in its stock price, currently at 875.25, reflecting a decrease of 15.5 points or 1.74%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.97% during this period. It opened the day with a loss of 2.61% and reached an intraday low of Rs 858.3. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, Tata Chemicals has generated a return of -24.22%, significantly underperforming the benchmark Sensex, which has gained 5.34%. Additionally, while the stock is trading at a discount compared to its peers, its profits have fallen by 41.2%, contributing to the negative sentiment around the stock.
In the broader market context, Tata Chemicals' short-term performance has been notably weaker than the Sensex, which has seen a positive return of 3.41% over the past month, while Tata Chemicals has declined by 5.41%. This consistent underperformance against the benchmark over the last three years, coupled with poor long-term growth metrics such as a -3.98% annual rate of operating profit growth, has led to a lack of investor confidence. Despite high institutional holdings at 35.94%, which typically suggests a more informed investor base, the company's flat results and reliance on non-operating income have raised concerns about its financial health, further exacerbating the stock's downward trajectory.