Why is Bharat Road falling/rising?

As of 24-Jul, Bharat Road Network Ltd's stock price is currently at Rs 20.63, reflecting a decline of Rs 1.1 or 5.06%. The stock has underperformed its sector by 4.43% today, despite opening with a gain of 3.54% and reaching an intraday high of Rs 22.5. However, it also touched a low of Rs 20.54, indicating significant volatility. Over the past week, the stock has decreased by 8.47%, and its year-to-date performance shows a staggering decline of 54.89%. While the company reported positive results in net sales and profitability, it is hindered by high debt levels and poor long-term growth prospects, which contribute to its negative performance.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.09% over the past week. This contrast highlights the significant underperformance of Bharat Road Network Ltd compared to the benchmark index. The stock's long-term returns have also been disappointing, with a 59.97% drop over the past year, further emphasizing its struggles against the backdrop of a generally positive market. The company's high debt and weak long-term fundamentals continue to weigh heavily on investor sentiment, leading to a lack of confidence in its future performance.