Why is Bharat Global falling/rising?

As of 24-Jul, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs 117.05, which reflects a decrease of Rs 5.2 or 4.25%. The stock has hit a new 52-week low today and has been on a downward trend, losing 8.23% over the last three days. It opened with a loss of 3.48% and reached an intraday low of Rs 117. The stock has underperformed its sector by 2.74% today and is trading below all major moving averages. Additionally, investor participation has decreased, with delivery volume falling by 13.33% compared to the five-day average. While the company reported positive results in March 2025, including significant growth in PAT and net sales, the stock's performance over the past year has been poor, with a return of -33.11%.
In the broader market context, Bharat Global's short-term performance has significantly lagged behind the benchmark, with a one-week return of -10.65% compared to a minimal decline of 0.09% for the Sensex. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, indicating a lack of confidence in its valuation or business prospects. The stock's long-term performance has also been disappointing, underperforming the BSE500 over various time frames. Overall, the combination of negative short-term trends, low investor confidence, and poor long-term returns contributes to the stock's current decline.