Why is Unichem Labs. falling/rising?

As of 13-Jun, Unichem Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 609.00, which reflects a decrease of Rs 13.5 or 2.17%. The stock has underperformed its sector by 1.88% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.59%. Despite a positive performance over the past week and month, with returns of 2.35% and 4.19% respectively, the year-to-date performance shows a significant drop of 17.14%. The company has reported strong financials, including a growth in net sales and profits, and has maintained a low debt-to-equity ratio, which suggests a solid financial foundation. However, the stock's recent price movement may be influenced by its current trading below key moving averages and a higher volume of trades occurring near its intraday low.
In the broader market context, while Unichem Laboratories has shown resilience with a 135.68% return over the past three years, it has underperformed the benchmark Sensex in the short term, which has seen a slight decline of 1.30% over the past week. The stock's recent struggles may be attributed to market sentiment and liquidity factors, as it has been trading at a discount compared to its peers. Despite the positive growth indicators and consistent returns over the last year, the current market dynamics and the stock's recent performance suggest that investor confidence may be wavering, contributing to the ongoing price decline.