Why is BCL Enterprises falling/rising?

As of 28-Jul, BCL Enterprises Ltd is experiencing a decline in its stock price, currently at 0.73, reflecting a decrease of 0.01 or 1.35%. The stock has been losing value for the last two days, with a total drop of 2.67% during this period. Additionally, BCL Enterprises is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant rise in profits by 127.2% over the past year, the stock has generated a return of -30.48%, which suggests that the market is not responding positively to its financial performance. The company has a very attractive valuation with a low Price to Book Value of 0.6, but it is also facing operating losses and weak long-term fundamental strength, contributing to its downward movement.
In the broader market context, BCL Enterprises' short-term performance has been worse than the benchmark, with a 1-week return of -3.95% compared to the Sensex's decline of -1.59%. This underperformance highlights the stock's struggle relative to the overall market. While there has been an increase in investor participation, as indicated by a rise in delivery volume, the overall sentiment remains negative due to the company's operating losses and flat results reported in March. The majority of shareholders being non-institutional may also reflect a lack of confidence in the stock's future performance, further exacerbating its decline.