Why is Balaji Amines falling/rising?

As of 29-Sep, Balaji Amines Ltd is experiencing a decline in its stock price, currently at 1,390.00, reflecting a decrease of 26.25 points or 1.85%. The stock has underperformed its sector by 1.07% today and has been on a downward trend for the past three days, accumulating a total loss of 6.21% during this period. Additionally, Balaji Amines has shown poor performance over various time frames, with a year-to-date decline of 21.95% and a staggering 38.90% drop over the past year. The company has reported negative results for the last five consecutive quarters, with a significant decrease in profit after tax and a low return on capital employed, contributing to its recent price movement. Furthermore, the stock is trading below all key moving averages, indicating a bearish trend.
In the broader market context, Balaji Amines has underperformed against the benchmark, with a 1-week return of -6.00% compared to the Sensex's -2.18%. This consistent underperformance over the last three years, alongside a low stake from domestic mutual funds, suggests a lack of confidence in the company's future prospects. The stock's valuation appears expensive relative to its peers, compounded by poor long-term growth metrics, which further diminishes investor sentiment. Overall, the combination of negative financial results, declining returns, and a lack of institutional support has contributed to the stock's downward trajectory.