Why is Bhagyanagar Ind falling/rising?

As of 21-Jul, Bhagyanagar India Ltd is currently priced at Rs 103.20, reflecting a decline of Rs 2.05 or 1.95%. Today's price summary indicates that the stock has underperformed its sector by 2.58% and has experienced a trend reversal after five consecutive days of gains. Although it opened with a gain of 3.13% and reached an intraday high of Rs 110.64, it also touched a low of Rs 99.22, showcasing significant volatility with an intraday range of Rs 11.42. Over the past week, the stock has performed well with an 18.70% increase, and it has shown strong returns over the past month at 31.52%. However, the stock has generated a negative return of 8.67% over the past year, with profits falling by 69.3%. The company has a high Debt to EBITDA ratio of 6.09 times, indicating low ability to service debt, which contributes to its weak long-term fundamental strength.
In the broader market context, while the stock has underperformed the BSE500 index, which has generated a return of 1.63% over the last year, it has shown stronger performance in the short term compared to the benchmark, with a 1-week return of 18.70% against a negligible change in the Sensex. Despite the recent volatility and decline, the stock is trading above its moving averages, suggesting some underlying strength. However, the significant drop in profits and high debt levels raise concerns about its long-term viability, which may be influencing investor sentiment and contributing to the current price decline.