Why is Balaji Amines falling/rising?

As of 08-Jul, Balaji Amines Ltd is experiencing a decline in its stock price, currently at Rs 1,887.65, which reflects a decrease of Rs 32.35 or 1.68%. Despite this drop, the stock has shown a positive performance over the past week, gaining 3.44%, and a significant increase of 27.38% over the past month. However, it has underperformed its sector by 1.1% today, with an intraday low of Rs 1,871.90. The stock is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating some underlying strength. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 95.41% compared to the 5-day average. On the positive side, promoters have increased their stake by 0.92%, reflecting confidence in the company's future, but the company has faced challenges with negative results over the last four quarters and poor long-term growth metrics.
In the broader market context, while Balaji Amines has outperformed the Sensex in the short term, with a 3.44% return over the past week compared to a mere 0.02% for the index, its long-term performance has been concerning. The stock has generated a return of -19.33% over the past year, significantly underperforming the benchmark, which has seen a gain of 4.69%. This consistent underperformance, coupled with declining profits and a high valuation relative to its peers, suggests that investors may be cautious despite the recent uptick in trading volume and promoter confidence.