Why is Balaji Amines falling/rising?

As of 22-Jul, Balaji Amines Ltd's stock price is currently at 1,735.00, reflecting a decrease of 21.5 points or 1.22%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 3.34% during this period. It has also underperformed its sector by 0.97% today. The stock's performance over the past week shows a decline of 2.53%, while it has seen a significant increase of 24.97% over the past month. However, the long-term outlook remains concerning, as the company has reported negative results for the last four consecutive quarters, with a notable drop in profit after tax and a low return on capital employed. Additionally, while promoters have increased their stake, indicating confidence, the overall financial health of the company, characterized by low growth rates and high valuations compared to peers, raises red flags for investors.
In the broader market context, Balaji Amines has underperformed the Sensex, which has shown a slight decline of 0.47% over the past week, while Balaji Amines has dropped more significantly. The stock's year-to-date performance is also negative at -2.58%, contrasting with the Sensex's positive return of 5.18%. This consistent underperformance against the benchmark, coupled with a significant decline in investor participation and liquidity issues, suggests a lack of confidence among investors. The company's poor long-term growth prospects and high valuation relative to its peers further contribute to the downward pressure on the stock price.