Why is Vishnu Chemicals falling/rising?

As of 29-Sep, Vishnu Chemicals Ltd's stock price is currently at 454.20, reflecting a decrease of 18.3 points or 3.87%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 9.52% over that period. Today's trading saw the stock touch an intraday low of Rs 453.2, and it is trading below all key moving averages. Despite this downturn, there has been a notable increase in investor participation, with delivery volume rising by 62.01% compared to the five-day average. The company has demonstrated strong management efficiency and healthy long-term growth, with a return on capital employed (ROCE) of 18.45% and an annual operating profit growth rate of 28.79%. However, the stock's recent performance may be influenced by its current trading at a discount compared to peers, despite generating a 10.69% return over the past year.
In the broader market context, Vishnu Chemicals has underperformed relative to the benchmark, with a one-week return of -9.52% compared to the Sensex's -2.18%. While the stock has shown resilience with a year-to-date return of 14.24%, the recent declines indicate a struggle against market trends. The overall market has faced negative returns, yet Vishnu Chemicals has managed to attract institutional investors, who have increased their stake, suggesting confidence in the company's fundamentals. Nonetheless, the stock's recent price movement reflects a challenging short-term environment, contributing to its current decline.