Why is Balaji Amines falling/rising?

As of 18-Sep, Balaji Amines Ltd's stock price is currently at 1,520.00, reflecting an increase of 5.55 (0.37%). Today's price performance indicates that the stock outperformed its sector by 0.87%, reaching an intraday high of Rs 1555.05, which is a 2.68% increase. However, the stock has shown a negative trend over the longer term, with a year-to-date decline of 14.65% and a significant drop of 35.32% 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 decline in profits and a low return on capital employed (ROCE) of 11.69%. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, the stock's short-term return of +0.96% over the past week is lower than the benchmark Sensex's return of +1.80%. This underperformance is consistent with the stock's trend over the past three years, where it has consistently lagged behind the benchmark, generating negative returns. 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 growth potential. Overall, while there is a slight uptick in the stock price today, the long-term outlook remains bleak due to poor financial performance and consistent underperformance against market benchmarks.