Why is Balaji Amines falling/rising?

As of 04-Sep, Balaji Amines Ltd is experiencing a decline in its stock price, currently at 1,511.00, which reflects a decrease of 9.65 or 0.63%. The stock has shown a trend reversal after three consecutive days of gains, and today's performance indicates it has outperformed its sector by 0.26%. However, the stock has underperformed in the longer term, with a year-to-date return of -15.16% and a one-year return of -31.69%. The company has reported negative results for the last five consecutive quarters, with a significant drop in profit after tax and a low return on capital employed, contributing to its poor long-term growth outlook. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, Balaji Amines has outperformed the Sensex in the short term, with a one-week return of +2.41% compared to the benchmark's +0.80%. However, the stock's long-term performance has been consistently poor, with a three-year return of -55.88% against the Sensex's +37.27%. 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 business prospects. Overall, while there are some short-term positive indicators, the long-term fundamentals and recent negative performance are likely driving the stock's current decline.