Why is BASF India falling/rising?

As of 15-Sep, BASF India Ltd's stock price is currently at 4,622.00, reflecting a decrease of 7.6 or 0.16%. The stock has been experiencing a downward trend, having lost 0.58% over the last two days. In terms of performance, the stock has shown a modest gain of 0.84% over the past week and 2.08% over the past month; however, it has significantly underperformed over the longer term, with a year-to-date decline of 17.27% and a one-year drop of 31.93%. The company has faced challenges, including negative results for the last three consecutive quarters, with profits falling by 38.1%. Despite having a high return on equity and a low debt-to-equity ratio, the recent poor financial performance has overshadowed these positive factors, leading to a decline in investor participation and overall stock performance.
In the broader market context, BASF India's recent performance has lagged behind the benchmark Sensex, which has gained 1.24% over the past week and 1.47% over the past month. The stock's year-to-date performance is notably worse than the Sensex's gain of 4.67%, indicating a lack of investor confidence compared to the broader market. The stock's liquidity remains adequate, but the falling delivery volume suggests diminishing interest among investors. Overall, the combination of disappointing financial results and underperformance relative to the benchmark has contributed to the stock's recent decline.