Why is Bharat Global falling/rising?

As of 24-Sep, Bharat Global Developers Ltd is experiencing a price increase, currently at Rs 308.70, reflecting a rise of 14.7 points or 5.0%. The stock has shown remarkable performance, gaining 177.86% over the last 21 days and outperforming its sector by 5.66% today. It opened with a 5% gain and reached an intraday high of Rs 308.70. Despite this positive momentum, the stock has a low Return on Capital Employed (ROCE) of 1.28% and a high Debt to Equity ratio of 2.52, indicating poor management efficiency and high debt levels. Additionally, while net sales have grown significantly in the long term, recent quarterly results have shown a drastic decline in net sales and profitability, which may raise concerns among investors.
Broader market context indicates that Bharat Global has significantly outperformed the benchmark, with a 1-week return of +27.59% compared to the Sensex's -1.18%. Over the past month, the stock has surged by 191.64%, while the Sensex has only increased by 0.50%. However, it is important to note that the stock has underperformed over the past year, with a return of -48.44% against the Sensex's -3.77%. This stark contrast suggests that while the stock is currently on an upward trajectory, its long-term performance remains a concern, especially given the lack of domestic mutual fund investment and the company's overall financial health.