Why is Bhagiradha Chem. falling/rising?

As of 20-Aug, Bhagiradha Chemicals & Industries Ltd is experiencing a decline in its stock price, currently at 280.80, which reflects a decrease of 1.85 (-0.65%). The stock has underperformed its sector by 1.39% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 0.92%. Over the past week, the stock has fallen by 0.43%, and its performance over the last month shows a significant drop of 6.82%. The company has reported negative results for the last three consecutive quarters, with a substantial decrease in profit after tax and operating cash flow, contributing to a very expensive valuation. Additionally, the low investor participation, as indicated by a drop in delivery volume, further exacerbates the stock's downward movement. In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a one-year return of -26.44% against the Sensex's gain of 1.31%. This stark contrast highlights the stock's underperformance, especially as the market has shown resilience with a slight positive return. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further influencing the stock's decline. Despite the company's strong ability to service debt and healthy long-term growth in operating profit, these positive factors are overshadowed by the recent negative financial results and overall market sentiment.