Why is Bajel Projects falling/rising?

As of 26-Sep, Bajel Projects Ltd is experiencing a decline in its stock price, currently at Rs 202.50, which represents a decrease of Rs 10.65 or 5.0%. The stock has underperformed its sector by 3.73% today, touching an intraday low of Rs 202.5. Over the past week, the stock has decreased by 9.72%, while its year-to-date performance shows a significant drop of 26.04%. The company has also seen a substantial decline in investor participation, with delivery volume falling by 50.03% against the 5-day average. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the company's poor management efficiency, indicated by a low return on equity of 2.40%, and negative financial results have contributed to the stock's recent struggles.
In the broader market context, Bajel Projects has underperformed the Sensex, which has only declined by 2.66% over the past week. The stock's year-on-year return of -20.48% starkly contrasts with the Sensex's decline of 6.30% during the same period, highlighting a consistent underperformance against the benchmark. While there has been an increase in institutional investor participation, this has not been sufficient to offset the negative sentiment surrounding the company's financial health and management efficiency. The stock's expensive valuation, coupled with a high PEG ratio of 6.2, further complicates its outlook, suggesting that investors remain cautious amid the company's ongoing challenges.