Why is Balaji Amines falling/rising?

As of 03-Sep, Balaji Amines Ltd's stock price is currently at 1,520.65, reflecting an increase of 35.65, or 2.4%. The stock has been gaining for the last three days, with a total return of 4.66% during this period. Despite this recent uptick, the stock has shown poor performance over the longer term, with a year-to-date decline of 14.62% and a staggering 30.80% drop over the past year. The company has reported negative results for the last five consecutive quarters, with a significant decline in profits and a low return on capital employed. Additionally, the stock is trading at a premium compared to its peers, which may deter investor interest, as indicated by the low domestic mutual fund holding of only 0.24%.
In the broader market context, Balaji Amines has outperformed the Sensex by 1.04% today, while the benchmark has shown a slight decline of 0.27% over the past week. However, the stock's longer-term performance has been consistently below that of the benchmark, with a notable underperformance over the last three years. The company's weak financial metrics, including low sales growth and high valuation ratios, contribute to a cautious outlook, despite the recent short-term gains. This combination of factors suggests that while there may be temporary upward movement, the overall sentiment towards the stock remains negative due to its long-term challenges.