Why is BCL Enterprises falling/rising?

As of 09-Jul, BCL Enterprises Ltd is experiencing a decline in its stock price, currently at 0.73, which reflects a decrease of 0.04 or 5.19%. The stock has underperformed its sector by 5.57% today and has been on a consecutive downward trend for the last four days, resulting in a total return drop of 17.98% during this period. Additionally, the stock has shown significant underperformance over various time frames, with a 1-year return of -35.40% compared to a 3.96% increase in the Sensex. Despite a rising delivery volume, which increased by 128.78% against the 5-day average, the stock is trading below all key moving averages, indicating a bearish trend. The company's operating losses and weak long-term fundamental strength further contribute to the negative sentiment surrounding the stock.
In the broader market context, BCL Enterprises' short-term performance contrasts sharply with the Sensex, which has seen a slight increase of 0.15% over the past week. While the stock is trading at a discount compared to its peers and has a very attractive valuation with a low price-to-book ratio, the significant decline in its stock price over the past year and the operating losses indicate underlying issues that are affecting investor confidence. The majority of shareholders being non-institutional may also suggest a lack of institutional support, which could further exacerbate the stock's volatility in a challenging market environment.