Why is BASF India falling/rising?

As of 29-Aug, BASF India Ltd's stock price is currently at 4,615.00, reflecting an increase of 70.0 points or 1.54%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 3.45%. It outperformed its sector by 1.37% today, and the intraday high reached Rs 4744.6, marking a rise of 4.39%. Despite a year-to-date decline of 17.39% and a significant drop of 33.02% over the past year, the company has demonstrated high management efficiency with a return on equity (ROE) of 16.65% and a low debt-to-equity ratio. However, the stock has faced challenges, including negative results for the last three consecutive quarters, with profits falling by 38.1%, which has contributed to its underperformance compared to the broader market.
In the broader market context, BASF India's short-term performance contrasts with the benchmark, as it has remained flat over the past week while the Sensex has declined by 1.84%. The stock's recent gains may be attributed to rising investor participation, with a notable increase in delivery volume, indicating growing interest. However, the long-term outlook remains cautious due to the company's declining profits and overall underperformance against the BSE500 over various periods. While the stock is trading at a fair value compared to its peers, the persistent negative results could weigh on investor sentiment moving forward.