Why is Bharat Global falling/rising?

As of 11-Jul, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs. 136.65, which represents a decrease of Rs. 6.85 or 4.77%. The stock has hit a new 52-week low of Rs. 136.35 today and has underperformed its sector by 2.63%. Over the past three days, the stock has consistently fallen, accumulating a total decline of 14.06%. In terms of returns, the stock has decreased by 5.27% over the past week and 45.22% over the past month, while it has generated a negative return of 26.10% over the last year. Despite reporting higher net sales and profit after tax for the nine-month period ending March 25, the stock's performance remains weak, indicating that the positive financial results have not translated into improved investor sentiment.
In the broader market context, Bharat Global's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.12% over the past week and has shown a modest gain of 3.26% over the last year. The stock's significant underperformance against the benchmark and its sector, combined with falling investor participation and liquidity issues, suggest a lack of confidence among investors. The stock has consistently underperformed against the BSE500 over the last three years, further contributing to its current downward trend.