Why is Bharat Road falling/rising?

As of 04-Jul, Bharat Road Network Ltd's stock price is currently flat at Rs 20.50, showing no change (0.00%). The stock has recently underperformed, with a 1-week return of -2.84% and a 1-month return of -11.26%. Today's performance indicates that it has underperformed its sector by -0.74%, and it has hit a new 52-week low of Rs 20.02. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. While there has been a notable increase in investor participation, with delivery volume rising by 199.73% against the 5-day average, the overall sentiment remains negative due to high debt levels and weak long-term growth prospects. Despite positive financial results, such as a 26.32% growth in net sales over 9 months and a high return on capital employed, the stock's significant decline over the past year (-62.36%) and poor long-term performance raise concerns.
In the broader market context, Bharat Road Network Ltd's recent performance contrasts sharply with the Sensex, which has gained 3.01% over the past month. This disparity highlights the stock's struggles, particularly as it has underperformed the BSE500 over various time frames, including the last three years and one year. The company's high debt levels and low profitability, indicated by a debt-to-equity ratio and a return on equity of only 8.59%, further contribute to investor caution. Overall, while there are some positive indicators in terms of sales growth and valuation, the persistent underperformance and fundamental weaknesses suggest a challenging environment for the stock.