Why is Bharat Global falling/rising?

As of 01-Jul, Bharat Global Developers Ltd is experiencing a price increase, currently at Rs 168.55, which reflects a rise of 8.0 or 4.98%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and has outperformed its sector by 5.48% today. However, despite this positive movement, the stock has underperformed in the longer term, with a 1-month return of -26.06% and a 1-year return of -20.19%. The stock is trading below its moving averages across various time frames, indicating a general weakness. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 39.34% against the 5-day average. While the company reported higher net sales and profits in recent periods, it has a low return on capital employed and is considered to have an expensive valuation compared to its peers.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 2.00% over the past week and 2.76% over the past month. This consistent underperformance against the benchmark over the last three years highlights the challenges faced by Bharat Global Developers Ltd. Despite today's rise, the stock's long-term trajectory remains concerning, with profits having fallen by 0% over the past year. Overall, while the stock has seen a short-term uptick, the underlying fundamentals and historical performance suggest a cautious outlook.