Why is Vinati Organics falling/rising?

As of 11-Nov, Vinati Organics Ltd is experiencing a decline in its stock price, currently at 1,634.90, which reflects a decrease of 4.2 points or 0.26%. The stock has underperformed its sector by 0.79% today and has been on a downward trend for the last three days, accumulating a total loss of 2.25% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown poor performance over various time frames, with a year-to-date return of -9.17% and a one-year return of -11.87%, indicating consistent underperformance against the benchmark. Factors contributing to this decline include a low inventory turnover ratio and a very expensive valuation relative to its return on equity, which stands at 1.5.
Broader Market Context: In comparison to the benchmark, Vinati Organics has significantly lagged, with a three-year return of -21.96% against the Sensex's 35.73%. While the broader market has shown resilience with a 1.66% gain over the past month, Vinati Organics has faced a 4.62% decline in the same period. This stark contrast highlights the stock's ongoing struggles, compounded by falling investor participation, as evidenced by a 22.79% drop in delivery volume against the five-day average. Overall, the combination of poor long-term growth prospects, high valuation metrics, and consistent underperformance relative to the market has contributed to the stock's recent decline.