Why is Bajel Projects falling/rising?

As of 26-Aug, Bajel Projects Ltd is experiencing a decline in its stock price, currently at 200.95, which reflects a decrease of 2.65 or 1.3%. The stock has been on a downward trend, losing value for the last four consecutive days and showing a total decline of 6.71% during this period. Over the past week, the stock has underperformed significantly with a return of -5.94%, while the benchmark Sensex has only declined by 1.05%. Additionally, Bajel Projects is trading below all key moving averages, indicating a bearish sentiment. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the company faces challenges such as poor management efficiency, evidenced by a low return on equity of 2.40%, and disappointing financial results, including a significant drop in profit after tax and net sales.
In the broader market context, Bajel Projects has consistently underperformed against the benchmark, with a year-to-date return of -26.61% compared to the Sensex's gain of 3.39%. This trend of underperformance has persisted over the last three years, further eroding investor confidence. Although there has been an increase in institutional investor participation, which may provide some support, the overall negative financial indicators and the stock's expensive valuation relative to its peers contribute to its current decline. The combination of these factors suggests that the stock's recent movement is primarily driven by its internal challenges rather than broader market influences.