Why is Thirumalai Chem. falling/rising?

As of 22-Sep, Thirumalai Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 322.80, which reflects a decrease of Rs 1.5 or 0.46%. The stock has shown a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 316, indicating a drop of 2.56%. Despite outperforming its sector by 0.37% today, the stock's delivery volume has significantly decreased, falling by 63.06% against the 5-day average. Over the past week, the stock has gained 0.62%, but its year-to-date return stands at just 0.51%, with a notable decline of 5.61% over the past year. The company's long-term growth prospects appear poor, with operating profit declining at an alarming rate of 235.96% over the last five years, and it has reported negative results for the last three consecutive quarters.
In the broader market context, Thirumalai Chemicals' recent performance has been relatively stable compared to the Sensex, which has gained 0.46% over the past week. However, the stock's year-to-date performance lags behind the benchmark, which has increased by 5.15%. The company's negative EBITDA and a significant drop in profits by 150.6% over the past year contribute to its risky valuation compared to historical averages. This combination of poor financial health and declining investor participation suggests that the stock's recent price movement is influenced by underlying concerns about its profitability and growth potential, leading to a cautious sentiment among investors.