Why is Valiant Organics falling/rising?

As of 08-Oct, Valiant Organics Ltd is experiencing a decline in its stock price, currently at Rs 315.60, which reflects a decrease of Rs 9.1 or 2.8%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.89% during this period. Additionally, it has underperformed its sector by 2.14% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has decreased significantly, with delivery volume dropping by 41.74% compared to the 5-day average. Despite these negative indicators, the company has shown strong financial performance, with a 61.03% growth in operating profit and positive results over the last two quarters, which may provide some support for the stock.
In the broader market context, Valiant Organics' short-term performance has been notably poor, with a 1-week return of -5.57%, contrasting sharply with the Sensex, which has gained 0.98% in the same period. Over the last month, the stock has declined by 16.65%, while the benchmark has increased by 1.22%. Although the company has a strong ability to service its debt and has reported impressive profit growth, the overall market sentiment and the stock's recent performance suggest a lack of confidence among investors, contributing to its downward trajectory.