Why is Bharat Global falling/rising?

As of 28-Aug, Bharat Global Developers Ltd's stock price is currently at Rs 122.45, reflecting an increase of Rs 5.8 or 4.97%. The stock has shown impressive performance recently, gaining 70.66% over the last 11 consecutive days and outperforming its sector by 6.71% today. In the past week, the stock has surged by 21.42%, while it has also risen by 15.90% over the past month. However, despite these positive short-term movements, the company faces significant challenges, including poor management efficiency indicated by a low Return on Capital Employed (ROCE) of 1.28% and a high Debt to Equity ratio of 2.52 times. Additionally, the company reported a substantial decline in net sales in the last quarter, which fell by 88.1% compared to the previous four-quarter average, raising concerns about its long-term viability.
In the broader market context, while Bharat Global has outperformed the Sensex by a considerable margin in the short term, the benchmark index has experienced a decline of 2.34% over the past week. This stark contrast highlights the stock's recent strength amidst a generally weak market environment. However, the company's long-term performance remains concerning, with a 49.47% drop in returns over the past year, indicating that despite the recent gains, investor sentiment may still be cautious due to the underlying financial issues and lack of confidence from domestic mutual funds, which hold no stake in the company.