Why is Balaji Amines falling/rising?

As of 30-Jun, Balaji Amines Ltd is experiencing a price increase, currently at Rs 1,845.40, reflecting a rise of Rs 61.6 or 3.45%. The stock has shown strong performance recently, gaining 32.92% over the last six days and outperforming its sector by 2.93% today. It reached an intraday high of Rs 1,856.45, while the day’s low was Rs 1,744.10. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a slight decline in investor participation, with delivery volume falling by 1.05% against the 5-day average. Despite these gains, the company has faced challenges, including negative results for the last four consecutive quarters and a decline in profits, which may temper investor enthusiasm.
In the broader market context, Balaji Amines has significantly outperformed the benchmark Sensex in the short term, with a 27.96% return over the past week compared to the Sensex's 2.09%. This strong performance is bolstered by rising promoter confidence, as they have increased their stake in the company by 0.92%, signaling optimism about the company's future. However, the company’s long-term growth prospects are concerning, with net sales and operating profit growth lagging behind expectations, and a consistent underperformance against benchmarks over the last three years. This mixed outlook suggests that while short-term movements are positive, underlying financial challenges may impact future performance.