Why is Ultramarine Pig. falling/rising?

As of 23-Sep, Ultramarine & Pigments Ltd is experiencing a decline in its stock price, currently at 466.50, reflecting a decrease of 0.5 (-0.11%). The stock has been on a downward trend, losing value for the last six consecutive days and showing a total decline of 4.83% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite positive financial results over the last four quarters, including a 28.02% growth in net sales and a healthy cash position, the stock has underperformed significantly, with a year-to-date return of -12.82% compared to a 5.07% gain in the benchmark index.
In the broader market context, Ultramarine & Pigments Ltd's recent performance contrasts sharply with the benchmark, as it has declined by 3.97% over the past week while the Sensex has only fallen by 0.34%. The company's low debt-to-equity ratio and attractive valuation metrics, such as a PEG ratio of 0.5, suggest potential for recovery; however, the stock's long-term growth prospects appear limited, with an annual operating profit growth rate of only 7.66% over the last five years. Furthermore, the absence of domestic mutual fund investment may indicate a lack of confidence in the stock's future performance, contributing to its ongoing decline against the broader market.