Why is Thirumalai Chem. falling/rising?

As of 29-Sep, Thirumalai Chemicals Ltd's stock price is currently at 285.95, reflecting a decrease of 6.35, or 2.17%. The stock has been on a downward trend, having fallen for the last six consecutive days, resulting in a total decline of 11.83% during this period. Despite opening with a gain of 3.95% today and reaching an intraday high of Rs 303.85, it quickly dropped to a low of Rs 276.85, indicating high volatility with an intraday fluctuation of 7.12%. The stock has underperformed its sector by 1.39% today, and its year-to-date performance shows a decline of 10.96%, contrasting with the Sensex's gain of 2.85%. The company's poor long-term growth prospects, highlighted by a significant decline in operating profit and negative results over the last three quarters, contribute to the stock's recent downward movement.
In the broader market context, Thirumalai Chemicals Ltd's short-term performance has been notably worse than the benchmark, with a one-week return of -11.03% compared to the Sensex's -2.18%. This underperformance is compounded by the company's negative EBITDA and a substantial drop in profits over the past year, which have fallen by 150.6%. The stock's liquidity appears adequate for trading, but the overall sentiment is negative due to the company's financial struggles, including a low return on capital employed and a significant operating cash flow deficit. These factors collectively paint a concerning picture for investors, leading to the stock's decline.