Why is Bajel Projects falling/rising?

As of 11-Jul, Bajel Projects Ltd is currently priced at 246.55, reflecting a decrease of 1.45, or 0.58%. The stock has underperformed its sector by 0.25% today and has experienced a consecutive decline over the last two days, totaling a drop of 1.85%. Additionally, the stock reached an intraday low of Rs 243, marking a decrease of 2.02%. In terms of performance over various periods, the stock is down 0.70% over the past week and 9.95% year-to-date, while it has shown a positive return of 8.56% over the last month. Despite these declines, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 97.90% and operating profit at 72.86%.
In the broader market context, Bajel Projects has outperformed the Sensex by 0.42% over the past week, as the benchmark index fell by 1.12%. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 5.58%. The recent drop in delivery volume, which fell by 47.45% against the 5-day average, indicates a decline in investor participation, further contributing to the stock's downward movement. Overall, while the company has strong fundamentals, the recent price decline can be attributed to short-term market pressures and reduced trading activity.