Why is Ultramarine Pig. falling/rising?

As of 07-Nov, Ultramarine & Pigments Ltd is experiencing a decline in its stock price, currently at 441.00, which reflects a decrease of 6.05 or 1.35%. The stock has underperformed its sector today by 1.4%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 2.23%, and it has seen a significant decline of 17.59% year-to-date. Despite positive financial results in recent quarters, including a 28.02% growth in net sales and a strong cash position, the stock's performance has been hindered by poor long-term growth prospects and a lack of interest from domestic mutual funds, which hold no stake in the company.
In the broader market context, Ultramarine & Pigments Ltd's short-term performance is notably worse than the benchmark Sensex, which has only declined by 0.86% over the same week. The stock's negative trajectory is compounded by a significant drop in investor participation, with delivery volume falling by 31.74% against the 5-day average. This lack of liquidity, combined with the stock's underperformance over the past year and three years, suggests that investor sentiment is weak, leading to further declines in its price.