Why is Technichem Org. falling/rising?

As of 31-Jul, Technichem Organics Ltd is experiencing a decline in its stock price, currently at Rs 41.00, which reflects a decrease of Rs 1.05 or 2.5%. The stock has underperformed its sector by 1.44% today and has been on a downward trend for the last two days, resulting in a total decline of 4.63% over the past week. Additionally, the stock opened with a loss of 2.5% today and reached an intraday low of Rs 40.99. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 70.59% compared to the 5-day average, suggesting a lack of confidence among investors.
In the broader market context, the stock's performance over the past week has been notably worse than the benchmark Sensex, which has only declined by 1.22% during the same period. Over the past month, Technichem Organics Ltd has seen a decline of 8.65%, while the Sensex has dropped by 3.00%. This stark contrast highlights the stock's underperformance relative to the market. The lack of available positive factors further exacerbates the situation, as there are no supportive developments to counterbalance the negative trends observed in trading activity and investor sentiment.