Why is Vinati Organics falling/rising?

As of 01-Sep, Vinati Organics Ltd is currently priced at 1,684.00, reflecting a decrease of 27.6 points or 1.61%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.56%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 54.9% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has generated a return of -14.38%, while its operating profit has grown at an annual rate of 13.67% over the last five years, indicating poor long-term growth prospects. The stock is considered expensive with a Price to Book Value of 6.3, and despite a high return on equity of 16.68%, it has consistently underperformed against benchmarks.
In the broader market context, Vinati Organics has shown a short-term return of -1.14% over the past week, which is better than the Sensex's decline of -1.56%. However, the stock's performance over the last month and year has been significantly worse than the benchmark, with a -5.97% return compared to the Sensex's -0.29% for the month and a -14.38% return against the Sensex's -2.43% for the year. This consistent underperformance against the broader market indicates a lack of investor confidence, further exacerbated by flat financial results and a low cash position, which may contribute to the stock's declining price.