Why is Bharat Global falling/rising?

As of 28-Jul, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs. 105.65, which reflects a decrease of Rs. 5.55 or 4.99%. The stock has hit a new 52-week low today and has been on a downward trend, losing 17.17% over the past week and 37.47% over the past month. It has underperformed its sector by 3.77% today and has consistently fallen for the last five days. Despite some positive financial results, such as a significant growth in PAT and higher net sales, the stock's overall performance remains concerning, with a one-year return of -41.31%. Additionally, the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's valuation or business prospects.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex declining only 1.59% over the past week. This stark contrast highlights the stock's underperformance relative to the market. Furthermore, while the stock is trading at a discount compared to its peers, its long-term performance has been below par, as evidenced by its negative returns over the past year and its underperformance against the BSE500 in recent periods. The combination of these factors suggests that investor sentiment remains weak, contributing to the stock's ongoing decline.