Why is Bharat Global falling/rising?

As of 29-Sep, Bharat Global Developers Ltd is experiencing a decline in its stock price, currently at Rs 292.55, which reflects a decrease of 15.35 points or 4.99%. The stock has underperformed its sector by 4.93% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 9.73% during this period. Despite a significant increase in investor participation, as evidenced by a 1685.02% rise in delivery volume on September 26, the stock's performance has been hindered by 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. Additionally, the company reported disappointing financial results, with net sales falling by 88.1% compared to the previous four-quarter average and a significant portion of profit being derived from non-operating income.
Broader market context shows that while the stock has gained 4.48% over the past week, it has drastically underperformed the benchmark, the Sensex, which has declined by 2.18% in the same timeframe. Over the last year, Bharat Global has seen a staggering drop of 57.78%, contrasting sharply with the Sensex's decline of only 6.08%. This stark difference highlights the stock's ongoing struggles, particularly in light of its flat results and minimal interest from domestic mutual funds, which hold no stake in the company. The overall market sentiment appears to be cautious, especially given the company's high debt levels and low profitability metrics, contributing to the stock's current downward trajectory.