Why is Balaji Amines falling/rising?

As of 11-Aug, Balaji Amines Ltd is currently priced at 1,533.00, reflecting an increase of 4.0 (0.26%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 0.78% today. Over the past week, the stock has decreased by 1.95%, and it has experienced significant declines over the past month and year, with returns of -14.86% and -30.85%, respectively. The company has reported negative results for the last five consecutive quarters, with a decline in profits and a very expensive valuation compared to its peers. Additionally, the falling investor participation, as indicated by a 66.11% drop in delivery volume, suggests a lack of confidence among 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. While the Sensex has shown a slight increase of 3.15% year-to-date, Balaji Amines has declined by 13.92% in the same period. This underperformance, coupled with the company's low debt-to-equity ratio and poor long-term growth prospects, has likely contributed to the stock's struggles in attracting investor interest, as evidenced by the minimal holdings from domestic mutual funds.