Why is Bharat Parenter. falling/rising?

As of 24-Sep, Bharat Parenterals Ltd's stock price is currently at Rs 1,299.45, reflecting a decline of Rs 20.55 or 1.56%. The stock has been underperforming, having fallen for the last two consecutive days, resulting in a total decrease of 3.57% during this period. Today's trading saw the stock reach an intraday low of Rs 1,280.1, and it has underperformed its sector by 1.11%. Over the past week, the stock has decreased by 3.74%, and it has shown a significant decline of 11.47% year-to-date. While there was a positive announcement regarding the company's financial results in June 2025, indicating a substantial growth in profit after several negative quarters, the long-term outlook remains weak due to a drastic decline in operating profits over the last five years and low return on equity.
In the broader market context, the stock has notably underperformed compared to the benchmark Sensex, which has shown a slight gain of 0.50% over the past month, while Bharat Parenterals Ltd has dropped by 6.51%. This trend is further emphasized by the stock's year-over-year performance, where it has decreased by 23.29% compared to the Sensex's decline of only 3.77%. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in the stock's valuation and business prospects, contributing to its downward trajectory in the market.