Why is Bharat Global falling/rising?

As of 25-Jul, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs. 111.20, which represents a decrease of 5.85 (-5.0%). The stock has hit a new 52-week low today and has been on a downward trend, losing 12.82% over the last four days. Despite opening with a gain of 2.18%, it reached an intraday low of Rs. 111.2. The stock has underperformed its sector by 3.53% today and has shown significant negative returns over various periods, including a 39.07% drop over the past month and a 38.22% decline over the past year. Although the company reported positive results in March with a 325.55% growth in PAT and higher net sales, the overall sentiment remains negative, particularly due to the lack of domestic mutual fund investment, which may indicate a lack of confidence in the stock's current valuation.
In the broader market context, Bharat Global's short-term performance has significantly lagged behind the benchmark, with a 12.37% decline over the past week compared to a mere 0.36% drop in the Sensex. This underperformance is compounded by the stock's consistent decline over the last year and its inability to attract institutional investment, which raises concerns about its long-term viability. The stock's trading below all major moving averages further reflects its weak position in the market. Overall, the combination of poor recent performance, lack of investor confidence, and significant declines relative to the benchmark contributes to the ongoing downward pressure on Bharat Global's stock price.