Why is Bharat Global falling/rising?

As of 07-Jul, Bharat Global Developers Ltd is experiencing a price increase, currently at Rs 151.45, reflecting a rise of 7.2 points or 4.99%. Today's price summary indicates that the stock has outperformed its sector by 5.63%, gaining after three consecutive days of decline. However, it opened with a loss of 3.54% and reached a new 52-week low of Rs 137.05 earlier in the day. Over the past week, the stock has seen a decline of 5.67%, and its performance over the last month shows a significant drop of 29.74%. Despite these challenges, the company reported higher net sales and profits for the nine-month period ending March 25, which may have contributed to the recent uptick in price. Nonetheless, the stock's valuation remains expensive, with a return on capital employed (ROCE) of 2, and it has underperformed the market over the past year, generating a negative return of 20.04%.
In the broader market context, Bharat Global's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.20% over the past week and gained 1.53% over the last month. The stock's significant underperformance relative to the market, alongside falling investor participation and trading below its moving averages, suggests a challenging environment. While the stock's recent price increase may indicate a temporary rebound, the overall trend remains concerning given its long-term negative returns and expensive valuation compared to peers.