Why is BASF India falling/rising?

As of 21-Aug, BASF India Ltd's stock price is currently at 4,619.10, reflecting an increase of 49.1 points, or 1.07%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.17%. It outperformed its sector by 0.45% today and reached an intraday high of Rs 4,665. Despite a decline of 7.82% over the past month and a significant drop of 28.93% over the last year, the stock has demonstrated a strong performance over the last three years, with a return of 40.53%. The company benefits from high management efficiency, a low debt-to-equity ratio, and healthy long-term growth in operating profit. However, it has faced challenges with negative results in the last three consecutive quarters, leading to a decline in profits.
Broader market context indicates that BASF India has outperformed the Sensex in the short term, with a 1.90% increase over the past week compared to the Sensex's 1.74%. Despite this recent uptick, the stock's long-term performance remains concerning, as it has underperformed the broader market indices over the past year and three years. The company's negative quarterly results and a significant drop in profits have contributed to its overall underperformance, overshadowing its recent gains.