Why is Vardhman Acrylic falling/rising?

As of 02-Jul, Vardhman Acrylics Ltd is experiencing a decline in its stock price, currently at 49.14, which reflects a decrease of 1.04 or 2.07%. The stock has underperformed its sector today by 2.29%, despite being higher than its 5-day, 20-day, 50-day, and 100-day moving averages, but lower than its 200-day moving average. Additionally, the stock has shown a negative trend in investor participation, with a delivery volume that has fallen by 17.82% against the 5-day average. Over the past week, the stock has gained 5.22%, but it has underperformed significantly on a year-to-date basis with a return of -8.92%, and a one-year return of -12.01%. The company's financial health is concerning, with a poor long-term growth outlook indicated by a net sales decline of 4.85% annually and a significant drop in operating profit by 57.10% over the last five years.
In the broader market context, while Vardhman Acrylics has outperformed the Sensex in the short term with a 5.22% gain over the past week compared to the benchmark's 0.83%, its long-term performance is troubling. The stock has consistently underperformed against the BSE500 over the last three years, and its valuation appears expensive relative to peers, with a price-to-book value of 1.7. The company has reported negative results, including a 48.3% fall in PAT for the latest quarter, and a low return on capital employed (ROCE) of 6.83%. These factors contribute to a negative sentiment around the stock, leading to its current decline.