Why is Vinati Organics falling/rising?

As of 11-Sep, Vinati Organics Ltd is currently priced at 1,698.90, reflecting a decrease of 16.1 points or 0.94%. The stock has been underperforming, having lost 1.65% over the last two days and showing a 2.06% decline over the past week. It has also underperformed its sector by 0.8%. In terms of longer-term performance, the stock has generated a return of -11.94% over the past year and has consistently underperformed against the benchmark over the last three years. Despite having a high return on equity (ROE) of 16.68% and a low debt-to-equity ratio, the company has shown poor long-term growth, with operating profit increasing at an annual rate of only 13.67% over the last five years. Additionally, the stock is considered very expensive with a price-to-book value of 6.3, despite trading at a discount compared to its peers.
Broader market context indicates that while the Sensex has increased by 1.03% over the past week, Vinati Organics has declined, highlighting its underperformance relative to the broader market. The company’s recent flat results and low cash reserves, along with a significant drop in investor participation, suggest a lack of confidence among investors. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative, driven by the company's inability to generate consistent growth and its recent financial performance.