Why is BASF India falling/rising?

As of 12-Aug, BASF India Ltd's stock price is currently at 4,650.10, reflecting an increase of 50.1 points or 1.09%. The stock has been gaining for the last two days, with a total return of 3.13% during this period, and it has outperformed its sector by 0.98%. However, despite this recent uptick, the stock has shown a significant decline over the past year, with a return of -35.80%, while its profits have decreased by -38.1%. The company has also reported negative results for the last three consecutive quarters, which has contributed to a lack of investor confidence, as evidenced by a 58.39% drop in delivery volume compared to the five-day average.
In the broader market context, BASF India's short-term performance contrasts with the benchmark, as the stock has gained 0.08% over the past week while the Sensex has declined by 0.59%. Despite this recent positive movement, the stock's year-to-date performance remains poor at -16.76%, compared to the Sensex's gain of 2.68%. The company has a high management efficiency with a return on equity of 16.65% and a low debt-to-equity ratio, indicating potential for long-term growth. However, the persistent negative financial results and underperformance relative to the market over the past year suggest that investor sentiment remains cautious.