Why is Bharat Global falling/rising?

As of 10-Jul, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs 143.50, which reflects a decrease of Rs 7.55 or 5.0%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 9.75%. It opened with a loss of 3.34% today and is trading lower than its moving averages across various time frames. Additionally, the stock is close to its 52-week low, being only 4.49% away from Rs 137.05. Over the past year, Bharat Global has generated a return of -18.93%, indicating consistent underperformance against the benchmark, with profits remaining stagnant despite a slight increase in net sales.
In the broader market context, the Sensex has shown a minimal decline of only 0.06% over the past week, contrasting sharply with Bharat Global's 5.47% drop in the same period. This significant underperformance highlights the stock's struggles relative to the market. Although there has been a rise in investor participation, as evidenced by a 52.97% increase in delivery volume, the company's expensive valuation and low return on capital employed suggest that investor sentiment may be cautious. Furthermore, the stock's consistent underperformance against the BSE500 over the last three years reinforces the perception of it being a strong sell, contributing to the downward pressure on its price.