Why is Bharat Rasayan falling/rising?

As of 12-Nov, Bharat Rasayan Ltd. is experiencing a decline in its stock price, currently at 10,030.20, which reflects a decrease of 658.3 points or 6.16%. Today's price summary indicates that the stock opened with a loss of 3.14% and reached an intraday low of Rs 9,985, marking a 6.58% drop. The stock has underperformed its sector by 4.76%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Furthermore, the stock has shown a significant decline in investor participation, with delivery volume falling by 43.79% compared to the 5-day average. Over the past year, Bharat Rasayan has generated a return of -8.78%, while its profits have decreased by 8.6%, indicating poor long-term growth prospects.
In the broader market context, Bharat Rasayan's short-term performance has been notably weaker than the benchmark, with a 9.50% decline over the past week compared to a 1.21% increase in the Sensex. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles, as it has failed to generate positive returns in each of the last three annual periods. While the company boasts a high return on equity of 16.47% and a low debt-to-equity ratio, the negative factors, including a significant drop in net sales and operating profit, contribute to its expensive valuation and overall lack of investor confidence, leading to the current downward trend in its stock price.