Why is BASF India falling/rising?

As of 18-Aug, BASF India Ltd's stock price is currently at 4,565.70, reflecting an increase of 32.7 or 0.72%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this uptick, BASF India has underperformed in the short term, with a 1-week return of -0.75% compared to the Sensex's gain of +0.83%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 16.24% against the 5-day average. The company boasts high management efficiency with a return on equity (ROE) of 16.65% and a low debt-to-equity ratio, which could support its valuation despite recent negative performance.
Broader Market Context: Over the past year, BASF India has significantly underperformed the market, with a return of -30.81% compared to the Sensex's modest gain of +1.04%. This stark contrast highlights the challenges the company faces, including negative results in the last three consecutive quarters, which have contributed to a decline in profits. While the stock has shown some resilience today, the broader trend remains concerning, as the company has reported a substantial fall in both profit before tax and profit after tax. The market's overall performance has been relatively stable, which further emphasizes BASF India's struggles in the current economic landscape.