Why is Technichem Org. falling/rising?

As of 12-Sep, Technichem Organics Ltd is experiencing a decline in its stock price, currently at Rs 54.20, which reflects a decrease of 1.61 or 2.88%. The stock has underperformed its sector by 3.76% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.66% during this period. It opened with a loss of 3.24% and reached an intraday low of Rs 53.02, indicating significant selling pressure. Despite being higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 15.38% against the 5-day average, suggesting some interest in the stock despite its current decline. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.
Broader market context indicates that the stock has underperformed relative to the benchmark Sensex over the past week, with a return of -3.21% compared to the Sensex's gain of 1.48%. However, over the past month, Technichem has shown a positive return of 6.48%, outperforming the Sensex's 2.08% increase. This suggests that while the stock is currently facing short-term challenges, it has had a stronger performance in the longer term. The recent price movements may reflect broader market sentiments or sector-specific issues that are affecting investor confidence.