Why is BASF India falling/rising?

As of 11-Aug, BASF India Ltd is experiencing a price increase, currently at 4,600.00, reflecting a rise of 90.85 or 2.01%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline. Despite this uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting ongoing bearish sentiment. Over the past week, the stock has underperformed with a return of -3.37%, and it has seen a significant drop in delivery volume, which fell by 55.12% against the 5-day average. The company has reported a high management efficiency with a return on equity (ROE) of 16.65% and a low debt-to-equity ratio, but it has also faced negative results in the last three quarters, with profits declining by 38.1% year-over-year, contributing to its overall negative performance of -37.16% over the past year.
In the broader market context, BASF India has underperformed the benchmark Sensex, which has shown a slight decline of only 0.51% over the past week. While the stock has seen a short-term rise today, its long-term performance remains concerning, especially given its significant drop compared to the market's overall performance. The stock's year-to-date decline of 17.66% starkly contrasts with the Sensex's gain of 3.15%, indicating that investor sentiment remains cautious despite today's positive movement. The combination of recent negative earnings reports and a substantial decline in investor participation suggests that while there may be a temporary rebound, the overall outlook for BASF India remains challenging.