Why is BirlaNu Ltd falling/rising?

As of 23-Sep, BirlaNu Ltd's stock price is currently at 1,975.80, reflecting a decrease of 10.35, or 0.52%. The stock has been underperforming, having lost 0.62% over the last two days and showing a narrow trading range of Rs 19.55. Over the past week, it has declined by 0.66%, while its one-month performance shows a modest gain of 3.72%. However, the stock has faced significant challenges, with a staggering 21.03% drop year-to-date and a 31.87% decline over the past year. Institutional investors have increased their stake by 0.67%, indicating some positive sentiment, but the company has reported negative results for 15 consecutive quarters, with operating profits plummeting at an annual rate of -196.44% over the last five years, which raises concerns about its long-term viability.
In the broader market context, the stock's recent performance has been weaker than the benchmark, as it has underperformed the Sensex, which has shown a slight decline of 0.34% over the past week. The stock's consistent underperformance against the benchmark over the last three years, coupled with negative operating profits and a significant drop in profits over the past year, suggests a challenging environment for BirlaNu Ltd. While there is rising investor participation, the overall sentiment remains cautious due to the company's poor financial health and long-term growth prospects.