Why is BASF India falling/rising?

As of 23-Sep, BASF India Ltd's stock price is currently at 4,597.75, reflecting a decrease of 35.85 points or 0.77%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 1.62% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock has underperformed the market significantly over the past year, with a return of -31.66%, while the broader market (BSE500) has only declined by -4.69%. The company's recent performance has been negatively impacted by three consecutive quarters of poor financial results, with a notable drop in profit before tax and profit after tax.
In the broader market context, BASF India's short-term performance has been worse than the benchmark, as it has declined by 1.46% over the past week compared to a smaller decline of 0.34% in the Sensex. Despite a high management efficiency indicated by a return on equity (ROE) of 16.65% and a low debt-to-equity ratio, the stock's attractiveness is overshadowed by its recent negative earnings reports and a significant drop in profits by 38.1% over the past year. The falling investor participation, as evidenced by a 24.45% decrease in delivery volume, further suggests a lack of confidence among investors, contributing to the stock's ongoing decline.