Why is Balaji Amines falling/rising?

As of 10-Sep, Balaji Amines Ltd is experiencing a decline in its stock price, currently at 1,501.75, which reflects a decrease of 2.25 or 0.15%. The stock has underperformed its sector by 0.73% today and has fallen after two consecutive days of gains. It is currently trading higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown significant underperformance over various periods, with a 1-week return of -1.24%, a 1-month return of -2.36%, and a year-to-date return of -15.68%. Additionally, 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, which may contribute to investor concerns and the recent price drop.
In the broader market context, the Sensex has shown a positive return of 1.06% over the past week, contrasting sharply with Balaji Amines' negative performance. This consistent underperformance against the benchmark over the last three years, coupled with a low level of domestic mutual fund investment at only 0.24%, suggests a lack of confidence in the company's prospects. The company's low debt-to-equity ratio and modest sales growth do not seem to offset the negative sentiment stemming from its declining profits and poor long-term growth outlook, further influencing the stock's downward movement.