Why is Andhra Petrochem falling/rising?

As of 10-Sep, Andhra Petrochemicals Ltd is experiencing a price increase, currently at 50.00, reflecting a change of 0.85 or 1.73% upward. Despite this positive movement today, the stock has shown a mixed performance in the short term, with a 1-week return of -0.64% and a 1-month return of +2.15%. The stock is trading below its moving averages across all time frames, indicating a potential struggle to maintain upward momentum. Additionally, while the company has a low debt-to-equity ratio, it has reported negative results for the last four consecutive quarters, with significant declines in both profit before tax and profit after tax. This consistent underperformance, alongside a negative EBITDA and a high dividend yield of 0, suggests underlying financial challenges that may limit the stock's potential for sustained growth.
In the broader market context, Andhra Petrochemicals has underperformed against the benchmark, with a year-to-date return of -32.78% compared to the Sensex's +4.21%. Although the stock outperformed its sector by 0.66% today, its long-term performance remains concerning, particularly with a three-year return of -52.92% against the benchmark's +36.18%. The rising investor participation, indicated by a significant increase in delivery volume, may provide some short-term support, but the overall negative trends in profitability and consistent underperformance against the market suggest that investors should remain cautious.