Why is BASF India falling/rising?

As of 02-Sep, BASF India Ltd's stock price is currently at 4,686.80, reflecting an increase of 74.8 points, or 1.62%. The stock has outperformed its sector today by 1.92%, although it is trading above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages. In the past week, the stock has shown a positive return of 5.06%, contrasting with a decline of 2.90% over the past month. Despite this recent uptick, the stock has experienced a significant decline of 28.23% over the past year, with profits falling by 38.1%. The company maintains a high management efficiency with a return on equity (ROE) of 16.65% and a low debt-to-equity ratio, which could support its valuation, but the negative results over the last three quarters have raised concerns among investors.
In the broader market context, BASF India's recent performance is notable as it has outperformed the Sensex, which has declined by 0.78% over the past week. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The falling investor participation, indicated by a significant drop in delivery volume, suggests a lack of confidence among traders, which may further impact the stock's price movement. Overall, while there are some positive factors such as management efficiency and attractive valuation, the negative financial results and underperformance in the long term contribute to a cautious outlook for BASF India.