Why is Balaji Amines falling/rising?

As of 01-Aug, Balaji Amines Ltd is experiencing a decline in its stock price, currently at Rs 1,697.90, which reflects a decrease of Rs 71.8 or 4.06%. Today's price summary indicates that the stock underperformed its sector by 2.1%, with an intraday low of Rs 1,672.55, marking a drop of 5.49%. Over the past week, the stock has shown a slight increase of 1.16%, but it has significantly underperformed over the past month and year, with returns of -6.96% and -30.95%, respectively. The company has reported negative results for the last four consecutive quarters, with a decline in profit after tax and a low return on capital employed, contributing to its poor long-term growth prospects. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, generating a return of -30.95% compared to the benchmark's -1.55% over the same period. The chemicals sector has also faced a downturn, falling by 2.02%, which may have influenced investor sentiment negatively. Despite an increase in delivery volume, indicating rising investor participation, the overall liquidity and performance metrics suggest that the stock's decline is primarily driven by its weak financial results and unfavorable comparisons to both its sector and the broader market.