Why is BASF India falling/rising?

As of 04-Sep, BASF India Ltd's stock price is currently at Rs 4,616.10, reflecting a decrease of Rs 82.3 or 1.75%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 4,589.6, which represents a decline of 2.32%. Over the past week, the stock has shown a positive return of 1.56%, but it has underperformed in the longer term, with a 1-month return of -3.03% and a year-to-date return of -17.37%. The company has reported negative results for the last three consecutive quarters, with a significant drop in profits, which has contributed to the stock's decline. Despite having a high management efficiency and a low debt-to-equity ratio, the overall negative performance and falling investor participation, indicated by a substantial drop in delivery volume, have adversely affected the stock's movement.
In the broader market context, BASF India's recent performance has been relatively inline with the sector, but it has lagged behind the benchmark Sensex, which has gained 0.80% over the past week. The stock's long-term performance is concerning, with a 1-year return of -29.58%, significantly underperforming the BSE500 index. While the stock is trading at a fair value compared to its peers, the persistent negative results and declining profits have overshadowed its attractive valuation metrics. This combination of factors has led to a lack of investor confidence, contributing to the stock's current downward trajectory.