Why is Balaji Amines falling/rising?

As of 16-Jul, Balaji Amines Ltd's stock price is currently at 1,787.35, reflecting an increase of 7.35 or 0.41%. The stock has been gaining over the last two days, with a total return of 1.78% during this period. However, it has experienced a decline of 5.38% over the past week. Despite this recent uptick, the stock's long-term performance remains concerning, as it has generated a return of -23.79% over the past year. The company has seen a rise in promoter confidence, with an increase in their stake by 0.92%, indicating a belief in the company's future. However, the company has reported negative results for the last four consecutive quarters, with declining profits and a low return on capital employed, which raises concerns about its long-term growth prospects.
In the broader market context, Balaji Amines has outperformed its sector by 0.56% today, but it has still underperformed the benchmark Sensex, which has gained 1.02% over the past month. The stock's performance over the last three years has been particularly poor, with a decline of 40.51% compared to the benchmark's gain of 53.71%. While the stock is currently liquid enough for trading, the falling investor participation, as evidenced by a 41% drop in delivery volume, suggests waning interest among investors. Overall, while there are some positive indicators such as rising promoter confidence, the negative financial results and long-term underperformance against benchmarks contribute to a mixed outlook for Balaji Amines.