Why is Bhagiradha Chem. falling/rising?

As of 28-Aug, Bhagiradha Chemicals & Industries Ltd is experiencing a decline in its stock price, currently at Rs 268.00, reflecting a decrease of Rs 3.55 or 1.31%. The stock has been on a downward trend, losing 5.3% over the past week and 11.48% over the last month. It is also close to its 52-week low, just 2.97% above Rs 260.05. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the company has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and operating cash flow, which has contributed to its poor performance. Despite a strong ability to service debt and healthy long-term growth in operating profit, the overall negative sentiment surrounding the stock has led to its recent decline. In the broader market context, Bhagiradha Chemicals has underperformed significantly compared to the benchmark, with a one-year return of -32.83% against the BSE500's -5.01%. This stark contrast highlights the stock's struggles relative to the market, further exacerbated by the lack of investment from domestic mutual funds, which may indicate a lack of confidence in the company's prospects. The stock's recent performance has been inline with sector trends, but the persistent negative results and low return on equity have raised concerns among investors, contributing to its falling price.