Why is Bhansali Engg. falling/rising?

As of 01-Jul, Bhansali Engineering Polymers Ltd is experiencing a slight decline in its stock price, currently at 116.95, down by 0.35 or 0.3%. Today's performance indicates that the stock has outperformed its sector by 0.98%. It is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Despite a recent rise in investor participation, with delivery volume increasing by 60.17% compared to the 5-day average, the stock has shown a negative return of 1.89% over the past month and a significant decline of 14.85% year-to-date. The company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 2.9, suggest some positive fundamentals, but the stock's performance has been hindered by poor long-term growth and flat quarterly results.
In the broader market context, Bhansali Engineering Polymers Ltd has outperformed the Sensex over the past week, gaining 4.42% compared to the index's 2.00%. However, the stock has underperformed the benchmark over longer periods, including a 9.06% decline over the past year, while the Sensex has risen by 5.31%. This underperformance, coupled with a low stake from domestic mutual funds, indicates a lack of confidence in the company's future prospects. The combination of flat sales growth and disappointing quarterly results further contributes to the stock's struggles, suggesting that while there may be some short-term positive indicators, the overall sentiment remains cautious.