Why is Balaji Amines falling/rising?

As of 01-Jul, Balaji Amines Ltd's stock price is currently at Rs 1,824.90, reflecting a decrease of Rs 20.5 or 1.11%. The stock has experienced a trend reversal, falling after six consecutive days of gains. Despite this recent decline, it has shown strong performance over the past week and month, with returns of 22.40% and 25.79%, respectively. However, the stock's long-term performance has been concerning, with a 1-year return of -23.05% and a significant underperformance against the benchmark over the last three years. Additionally, the company has declared negative results for the last four consecutive quarters, which has contributed to a perception of poor long-term growth. While there is rising promoter confidence with a 0.92% increase in stake, the overall financial metrics, including low ROCE and declining profits, suggest challenges ahead.
In the broader market context, Balaji Amines' short-term performance has significantly outpaced the Sensex, which has only increased by 2.00% over the past week. However, the stock's year-to-date return of 2.46% is notably lower than the Sensex's 7.11%, indicating ongoing struggles relative to the market. The recent drop in investor participation, with a 27.51% decline in delivery volume, further underscores the challenges the stock faces despite its recent gains. Overall, while there are some positive indicators such as promoter confidence, the negative financial results and long-term underperformance against the benchmark are contributing to the stock's current decline.