Why is Balaji Amines falling/rising?

As of 22-Sep, Balaji Amines Ltd is experiencing a decline in its stock price, currently at 1,477.05, reflecting a decrease of 8.6 points or 0.58%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 2.83% during this period. Additionally, the stock has shown negative returns over the past week and month, with declines of 1.10% and 3.57%, respectively. The company has reported poor financial performance, with negative results for the last five consecutive quarters, including a significant drop in profit after tax and low return on capital employed. Furthermore, the stock is trading below all key moving averages, indicating a bearish trend.
In the broader market context, while the Sensex has gained 0.46% over the past week and 1.05% over the last month, Balaji Amines has significantly lagged behind, with a year-to-date decline of 17.07% compared to the Sensex's increase of 5.15%. This consistent underperformance against the benchmark, coupled with a low level of domestic mutual fund investment, suggests a lack of confidence in the stock's future prospects. The company's low debt-to-equity ratio may indicate financial stability, but the overall negative sentiment surrounding its growth potential and valuation has contributed to its current price decline.