Why is Bharat Global falling/rising?

As of 08-Jul, Bharat Global Developers Ltd is experiencing a price increase, currently at Rs 159.00, reflecting a rise of Rs 7.55 or 4.99%. The stock has shown a positive trend recently, gaining 10.23% over the last two days and outperforming its sector by 4.72% today. Despite this short-term gain, the stock has underperformed significantly over the past week and month, with declines of 5.67% and 26.24%, respectively. Positive financial results, including higher net sales and profit after tax for the nine-month period ending March 25, have contributed to the stock's recent upward movement. However, the company faces challenges with a low return on capital employed and a valuation that is considered expensive compared to its peers, which may temper investor enthusiasm.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the past year and three years. While the Sensex has shown a slight increase of 0.02% over the past week and a gain of 1.85% over the past month, Bharat Global's significant declines highlight its struggles relative to the market. This persistent underperformance, coupled with the company's recent financial results, creates a complex picture where short-term gains may not be enough to offset longer-term concerns about valuation and profitability.