Why is Balaji Amines falling/rising?

As of 27-Jun, Balaji Amines Ltd's stock price is rising, currently at 1,783.80, reflecting an increase of 44.05 or 2.53%. The stock has shown strong performance recently, gaining 28.48% over the past week and outperforming its sector by 1.61% today. It has been on a consecutive gain streak for five days, with a day's high of Rs 1,795 and a low of Rs 1,695.3. The stock is trading above all its moving averages, indicating positive momentum. Additionally, the company's low debt-to-equity ratio and rising promoter confidence, with a 0.92% increase in stake, suggest a favorable outlook, despite the company facing negative results in the last four quarters and a decline in profits.
In the broader market context, Balaji Amines has significantly outperformed the benchmark Sensex in the short term, with a 28.48% return over the past week compared to the Sensex's 2.00%. However, it is important to note that the stock has underperformed over the longer term, with a 22.61% decline over the past year, contrasting with the Sensex's 6.08% gain. This consistent underperformance over three years highlights the challenges the company faces, despite recent positive movements in its stock price.