Why is Tuticorin Alkali falling/rising?

As of 18-Sep, Tuticorin Alkali Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs. 74.25, reflecting a decrease of -0.78 (-1.04%). The stock has hit a new 52-week low of Rs. 71.25 today and is underperforming its sector by -0.54%. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has fallen by -1.33%, and its year-to-date performance shows a significant decline of -24.20%. The company has reported negative results for the last seven consecutive quarters, with a substantial drop in profits of -46.8%, which has contributed to investor concerns. Additionally, the low participation from domestic mutual funds, holding only 0.01% of the company, suggests a lack of confidence in the stock's valuation.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has gained +1.80% over the past week and +6.24% year-to-date. This underperformance highlights the challenges faced by Tuticorin Alkali, particularly in light of its declining operating profit and low return on capital employed (ROCE) of 25.92%. While the company has a strong ability to service its debt and a healthy long-term growth rate in operating profit, these positives are overshadowed by the recent negative financial results and overall market sentiment, leading to a continued decline in the stock price.