Why is Bajel Projects falling/rising?

As of 08-Jul, Bajel Projects Ltd is experiencing a decline in its stock price, currently at Rs 240.90, reflecting a decrease of Rs 1.1 or 0.45%. The stock has underperformed its sector by 0.78% today and has been on a downward trend for the last two days, with a total decline of 2.98% during this period. The stock opened lower today, down 2.48%, and reached an intraday low of Rs 235.25, while the highest point was Rs 250, indicating volatility. Despite a positive performance over the past week and month, with returns of 2.49% and 12.15% respectively, the year-to-date and one-year returns show significant declines of 12.02% and 22.59%. The company's low debt-to-equity ratio and strong growth in net sales and operating profit suggest potential for long-term stability, but recent falling investor participation, with a 23.5% drop in delivery volume, may be contributing to the current price decline.
In the broader market context, Bajel Projects' recent performance contrasts with the Sensex, which has shown a slight increase of 0.02% over the past week and a more substantial gain of 7.13% year-to-date. While Bajel Projects has outperformed the benchmark in the short term, its longer-term performance remains concerning, particularly with a year-over-year decline of 22.59% compared to the Sensex's 4.69% increase. This disparity highlights the challenges faced by Bajel Projects in maintaining investor confidence, especially in light of recent price movements and declining trading volumes, which could indicate a lack of market interest despite the company's underlying financial strengths.