Why is Bharat Global falling/rising?

As of 02-Jul, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs 159.75, which reflects a decrease of Rs 8.8 or 5.22%. The stock has underperformed significantly, with a 1-week return of -12.47% and a 1-month return of -26.25%, while the benchmark Sensex has shown positive returns of +0.79% and +2.50%, respectively. Today's trading saw the stock open with a gain of 2.64% but quickly fell to an intraday low of Rs 159.75. Additionally, the stock is trading below all its moving averages and is close to its 52-week low, indicating weak performance. The delivery volume has also decreased by nearly 30% compared to the 5-day average, suggesting falling investor participation. Despite some positive financial results, such as higher net sales and profit after tax, the stock's return on capital employed (ROCE) is low, and it has been consistently underperforming against its peers.
In the broader market context, Bharat Global's recent performance starkly contrasts with the benchmark indices, which have shown resilience. The stock's significant decline over the past year, with a return of -20.54%, highlights its struggles in comparison to the Sensex, which has gained 5.00% in the same period. The company's valuation appears expensive relative to its earnings, and it has not generated profits in line with its historical performance, contributing to investor skepticism. Overall, the combination of poor stock performance, declining investor interest, and unfavorable comparisons to the benchmark suggests a challenging environment for Bharat Global Developers Ltd.