Why is Balaji Amines falling/rising?

As of 04-Jul, Balaji Amines Ltd is experiencing a decline in its stock price, currently at 1,802.00, reflecting a decrease of 12.05 points or 0.66%. The stock has underperformed its sector by 0.5% today and has seen a consecutive fall over the last two days, resulting in a total decline of 1.26%. Despite a positive performance over the past month with a return of 21.63%, the stock has struggled in the long term, evidenced by a 25.12% drop over the past year. The company has also reported negative results for the last four consecutive quarters, which has contributed to a perception of poor long-term growth, despite rising promoter confidence as they have increased their stake by 0.92%.
In the broader market context, while Balaji Amines has shown a positive return of 1.02% over the past week, the benchmark Sensex has declined by 0.74% during the same period. This indicates that the stock has outperformed the benchmark in the short term, but its long-term performance remains concerning, especially with a significant underperformance against the BSE500 over the last three years. The stock's high valuation, coupled with falling investor participation and liquidity issues, further complicates its market position, leading to a cautious outlook among investors.