Why is BASF India falling/rising?

As of 24-Sep, BASF India Ltd is currently priced at 4,620.00, reflecting an increase of 20.85, or 0.45%. The stock has shown a trend reversal by gaining after four consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed slightly with a return of -1.14%, compared to the Sensex's -1.18%. Despite a healthy long-term growth rate in operating profit of 75.78% and a high return on equity (ROE) of 16.65%, the stock has faced challenges, including a significant drop in profits by 38.1% over the past year and negative results for the last three consecutive quarters, which has contributed to its year-to-date decline of 17.30%.
In the broader market context, BASF India's performance has lagged behind the benchmark, with a one-year return of -30.94% compared to the Sensex's -3.77%. This underperformance is notable given that the market as a whole has generated negative returns of -5.32% in the last year. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 40.45% against the 5-day average indicates falling investor participation, which may further impact its price movement. Overall, while there are some positive indicators regarding management efficiency and valuation, the recent negative financial results and overall market underperformance are significant factors contributing to the stock's current price dynamics.