Why is Vinyl Chemicals falling/rising?

As of 07-Nov, Vinyl Chemicals (I) Ltd is experiencing a decline in its stock price, currently at Rs 265.50, which reflects a decrease of Rs 4.05 or 1.5%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.96% during this period. It has also touched an intraday low of Rs 239.95, marking a significant drop of 10.98%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with a 52.35% increase in delivery volume compared to the 5-day average, the overall performance remains weak, as evidenced by the stock's returns of -3.84% over the past week and -8.08% over the past month.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight decline of only 0.86% over the past week and an increase of 1.57% over the past month. This stark contrast highlights the significant underperformance of Vinyl Chemicals compared to the benchmark index, which has gained 6.50% year-to-date while Vinyl Chemicals has plummeted by 23.04%. The stock's long-term performance is also concerning, with a staggering decline of 60.09% over the past three years compared to the Sensex's 36.01% gain. This divergence suggests that the company's challenges are more pronounced than those faced by the overall market, contributing to its current downward trajectory.