Why is BLB falling/rising?

As of 07-Jul, BLB Ltd's stock price is currently at 14.36, reflecting a decrease of 0.79, or 5.21%. The stock has underperformed its sector today, falling after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has declined significantly, with delivery volume dropping by 45.75% compared to the five-day average. Despite a notable increase in profits of 47.9% over the past year, the stock has generated a return of -26.73%, contributing to its weak performance relative to the benchmark. The company has a low return on equity of 4 and is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, BLB Ltd's short-term performance has been significantly worse than the benchmark, with a one-week return of -4.39% compared to the Sensex's -0.20%. The stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor sentiment and confidence. While there is rising promoter confidence with a 4.16% increase in stake, the company's operating losses and weak long-term fundamentals overshadow this positive aspect, leading to a perception of the stock as a strong sell.