Why is Balrampur Chini falling/rising?

As of 06-Nov, Balrampur Chini Mills Ltd is experiencing a decline in its stock price, currently at 446.90, which reflects a decrease of 3.05 points or 0.68%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total drop of 3.17% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock has underperformed significantly over the past year, with a return of -26.42%, while its profits have also decreased by 21.2%. Despite a fair valuation and high institutional holdings at 38.81%, the overall poor long-term growth and negative quarterly results have contributed to the stock's recent struggles.
In the broader market context, Balrampur Chini's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.83% compared to the Sensex's decline of only 1.30%. This stark contrast highlights the stock's underperformance relative to the market. While the stock has outperformed its sector by 1.01% today, the overall negative trends in both short-term and long-term returns suggest a lack of investor confidence, further exacerbated by falling investor participation and liquidity concerns.