Why is Thirumalai Chem. falling/rising?

As of 07-Nov, Thirumalai Chemicals Ltd's stock price is currently at Rs 264.55, reflecting a decline of Rs 12.6 or 4.55%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.8% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the company has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and operating cash flow. This poor financial performance, coupled with a long-term growth rate of -235.96% in operating profit over the last five years, contributes to the stock's downward movement.
In the broader market context, Thirumalai Chemicals has underperformed the benchmark Sensex, which has shown a slight increase of 1.57% over the past month while the stock itself has decreased by 6.37%. The stock's year-to-date performance is also concerning, with a decline of 17.62% compared to the Sensex's gain of 6.50%. This stark contrast highlights the stock's struggles relative to the market, further exacerbated by its negative EBITDA and a return of -21.35% over the past year. The rising investor participation, indicated by increased delivery volume, does not seem to be enough to counteract the negative sentiment surrounding the stock.