Why is Bharat Global falling/rising?

As of 15-Jul, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs. 132.25, which reflects a decrease of Rs. 2.65 or 1.96%. The stock has hit a new 52-week low of Rs. 131 today and has been on a downward trend, losing 16.82% over the past week and 41.26% over the past month. Additionally, the stock has underperformed its sector by 2.34% today and has been falling for the last five consecutive days. Despite reporting higher net sales and profits in recent months, the stock's performance has been hindered by consistent underperformance against benchmarks, generating a return of -23.97% over the past year.
In the broader market context, Bharat Global's short-term performance has significantly lagged behind the Sensex, which has only declined by 1.36% over the past week. The stock's trading is below all major moving averages, indicating a bearish trend, and there has been a notable drop in investor participation, with delivery volume decreasing by 45.84% compared to the five-day average. While the stock is trading at a discount compared to its peers, the persistent underperformance against the benchmark over the last three years raises concerns among investors, contributing to the current downward pressure on the stock price.