Why is Balaji Amines falling/rising?

As of 26-Aug, Balaji Amines Ltd is experiencing a decline in its stock price, currently at Rs 1,519.05, which reflects a decrease of Rs 40.0 or 2.57%. Today's price summary indicates that the stock underperformed its sector by 0.7%, reaching an intraday low of Rs 1,509.15, down 3.2%. The stock has shown a negative trend over the past week and month, with returns of -1.20% and -9.50%, respectively. Additionally, the company has reported poor long-term growth, with net sales growing at an annual rate of only 7.93% and operating profit at a mere 0.89% over the last five years. The stock has also declared negative results for the last five consecutive quarters, contributing to its recent price decline.
In the broader market context, the stock's performance has consistently lagged behind the benchmark, with a year-to-date return of -14.71% compared to the Sensex's positive return of 3.39%. This underperformance is further highlighted by a significant decline in investor participation, with delivery volume dropping by 26.63% against the five-day average. Despite a low debt-to-equity ratio, the company's valuation appears expensive relative to its peers, which may deter potential investors. The overall sentiment surrounding the stock is negative, as indicated by its consistent underperformance against the BSE500 over the last three years, leading to a lack of confidence from domestic mutual funds, which hold only a minimal stake in the company.