Why is Bhansali Engg. falling/rising?

As of 07-Jul, Bhansali Engineering Polymers Ltd's stock price is currently at Rs 116.55, reflecting an increase of Rs 1.35 or 1.17%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.75%. It reached an intraday high of Rs 118.05, which is a 2.47% increase. However, the stock has underperformed in the longer term, with a year-to-date decline of 15.14% and a one-year drop of 26.02%. Despite a low Debt to Equity ratio and an attractive valuation indicated by a 2.9 Price to Book Value, the company has faced challenges such as poor long-term growth, with net sales growing at only 4.83% annually over the last five years. Additionally, domestic mutual funds hold a minimal stake of 0.26%, suggesting a lack of confidence in the stock's prospects.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a slight decline of 0.20% over the past week and an increase of 1.53% over the past month. While Bhansali Engineering Polymers Ltd has outperformed its sector today by 1.42%, its overall returns remain below the benchmark indices over longer periods, indicating a struggle to attract investor interest. The falling delivery volume, which decreased by 43.64% against the five-day average, further highlights concerns about liquidity and investor participation, contributing to the stock's challenges in gaining traction in the market.