Why is Bharat Global falling/rising?

As of 23-Jun, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs 165.60, which represents a decrease of Rs 8.7 or 4.99%. The stock has been underperforming significantly, with a consecutive fall over the last eight days, resulting in a total decline of 33.61% during this period. It is also trading close to its 52-week low, just 3.14% away from Rs 160.4. The stock's performance has been poor compared to the benchmark, with a 1-week return of -22.58% against a slight increase of 0.12% for the Sensex. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Despite some positive financial results, such as higher net sales and profit after tax, the overall sentiment remains negative due to the stock's expensive valuation and consistent underperformance against peers.
Broader Market Context: In the context of the broader market, Bharat Global's recent performance starkly contrasts with the Sensex, which has shown a modest gain of 0.12% over the past week. The stock's significant decline of 22.58% over the same period highlights its struggles relative to the market. Furthermore, the stock has consistently underperformed against the benchmark over the last three years, which has contributed to a lack of investor confidence and participation, as evidenced by a drastic drop in delivery volume. This combination of factors has led to a negative outlook for Bharat Global, reinforcing its status as a strong sell in the current market environment.