Why is BASF India falling/rising?

As of 17-Nov, BASF India Ltd is currently priced at 4,382.10, reflecting a decrease of 31.15 points, or 0.71%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.98% during this period. Over the past week, the stock has decreased by 2.63%, and it has significantly underperformed the market with a year-to-date decline of 21.56% compared to the Sensex's gain of 8.72%. Despite a high management efficiency indicated by a return on equity (ROE) of 16.65% and a low debt-to-equity ratio, the company has reported negative results for the last four consecutive quarters, which has negatively impacted investor sentiment and contributed to the stock's recent decline.
In the broader market context, BASF India's performance has been notably weaker than the benchmark, as evidenced by its one-year return of -32.15% compared to the Sensex's gain of 9.50%. This stark contrast highlights the stock's struggles amidst a generally positive market environment. While there has been a rise in investor participation, as indicated by an increase in delivery volume, the overall negative financial results and the stock's consistent underperformance relative to the market have led to a lack of confidence among investors, further driving the stock price down.