Why is Balaji Amines falling/rising?

As of 14-Aug, Balaji Amines Ltd is experiencing a decline in its stock price, currently at 1,554.70, which reflects a decrease of 8.05 points or 0.52%. The stock has underperformed its sector by 0.57% today and has seen a trend reversal after three consecutive days of gains. In terms of returns, the stock has shown a 1.58% increase over the past week, but it has significantly underperformed over the longer term, with a 27.01% decline over the past year. The company's financial health is concerning, as it has reported negative results for the last five consecutive quarters, with a decrease in profit after tax and a low return on capital employed. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, while the Sensex has shown a slight decline of 0.03% over the past week, Balaji Amines' short-term performance is relatively better, indicating some resilience in the face of broader market pressures. However, the stock's long-term performance is troubling, with a 12.71% decline year-to-date compared to a 3.15% increase in the Sensex. The low participation from domestic mutual funds, holding only 0.24% of the company, suggests a lack of confidence in the stock's valuation and future prospects. Overall, the combination of poor financial performance, high valuation, and consistent underperformance against benchmarks contributes to the stock's current downward movement.