Why is Bhansali Engg. falling/rising?

As of 29-Sep, Bhansali Engineering Polymers Ltd is experiencing a decline in its stock price, currently at Rs 99.00, which reflects a decrease of Rs 3.6 or 3.51%. The stock has been underperforming, having fallen consecutively for the last eight days, resulting in a total decline of 7.48% during this period. It is also trading close to its 52-week low, just 3.99% above Rs 95.05. The stock's performance over the past year shows a significant drop of 35.19%, while its profits have decreased by 5.3%. Despite a healthy long-term growth rate in operating profit and a high dividend yield of 4%, the company has faced challenges, including a flat performance in its recent quarterly results and low domestic mutual fund interest, which may indicate a lack of confidence in its current valuation.
In the broader market context, Bhansali Engineering's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.12% compared to the Sensex's -2.18%. This underperformance is compounded by the stock's negative returns over the past month and year, contrasting sharply with the Sensex's positive return of 0.70% over the same month and a modest decline of 6.08% over the past year. The stock's liquidity appears adequate for trading, but the overall market sentiment and the company's recent financial results suggest a cautious outlook among investors, contributing to the ongoing decline in its stock price.