Why is Thirumalai Chem. falling/rising?

As of 23-Sep, Thirumalai Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 314.20, which reflects a decrease of Rs 7.2 or 2.24%. The stock has underperformed its sector by 1.68% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.11%. Additionally, the stock's performance over the past week shows a decline of 2.74%, while it has seen a more significant increase of 11.16% over the past month. However, the company has reported negative results for the last three consecutive quarters, with a significant drop in operating profit and a negative EBITDA, which contributes to the stock's current downward movement.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only fallen by 0.34% over the past week. While Thirumalai Chemicals has shown a positive return of 37.87% over the past three years, its year-to-date performance is down by 2.16%, indicating a struggle to maintain momentum compared to the benchmark's 5.07% increase. The falling investor participation, as evidenced by a 24.82% drop in delivery volume, further highlights the stock's declining appeal among investors, exacerbating its price drop amidst a generally stable market environment.