Why is Bharat Rasayan falling/rising?

As of 25-Sep, Bharat Rasayan Ltd. is currently priced at 10,032.90, reflecting a slight decrease of -0.05 (0.00%). The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of -0.24%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a high management efficiency with a return on equity (ROE) of 16.47% and a low debt-to-equity ratio of 0.04, the stock has shown poor long-term growth, with operating profit declining at an annual rate of -1.69% over the past five years. The stock's performance over the last year has been particularly concerning, generating a return of -12.45%, despite a 12.8% increase in profits, leading to a high PEG ratio of 2.2.
In the broader market context, Bharat Rasayan's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -0.05% against a decline of -2.23% in the Sensex. This underperformance is consistent with the stock's trend over the past three years, where it has consistently lagged behind the benchmark, generating negative returns in each of the last three annual periods. The stock's liquidity appears adequate for trading, but the falling investor participation, indicated by an 8.39% drop in delivery volume, suggests a lack of confidence among investors, further contributing to the stock's recent price movement.