Why is Balrampur Chini falling/rising?

As of 23-Sep, Balrampur Chini Mills Ltd is experiencing a decline in its stock price, currently at Rs 496.40, reflecting a decrease of Rs 8.35 or 1.65%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.92% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock's performance over the past week shows a drop of 3.95%, and it has generated a return of -16.92% over the past year, while its profits have decreased by 21.2%. Despite having high institutional holdings at 40.01%, which suggests some confidence from larger investors, the overall sentiment remains negative due to poor long-term growth and disappointing recent financial results.
In the broader market context, Balrampur Chini's short-term performance contrasts sharply with the benchmark Sensex, which has only declined by 0.34% over the same week. This underperformance highlights the stock's struggles relative to the market. The company's recent liquidity issues, with a significant drop in delivery volume, further exacerbate the situation, indicating waning investor interest. While the stock is trading at a discount compared to its peers, the combination of falling profits, negative returns, and poor operational growth has led to a lack of confidence among investors, contributing to its current downward trajectory.