Why is Bhansali Engg. falling/rising?

As of 29-Aug, Bhansali Engineering Polymers Ltd is experiencing a decline in its stock price, currently at 103.90, reflecting a decrease of 0.8 or 0.76%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 5.33% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week and month shows a decline of 3.26% and 5.80%, respectively, while its year-to-date return stands at a significant drop of 24.35%. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's recent performance has been negatively impacted by a 14% decline in profit after tax and a 9.45% decrease in net sales reported in the latest quarter.
Broader market context indicates that the stock has underperformed relative to the Sensex, which has seen a decline of only 1.84% over the past week and 1.88% over the past month. This stark contrast highlights the stock's struggles in both the short and long term, as it has generated a return of -35.96% over the past year compared to the Sensex's modest decline of 2.83%. Furthermore, the low participation from domestic mutual funds, holding only 0.3% of the company, suggests a lack of confidence in the stock's valuation or business prospects, contributing to its downward trajectory. Overall, the combination of poor recent financial results, declining investor interest, and significant underperformance against the benchmark has led to the stock's current falling trend.