Why is Bharat Road falling/rising?

As of 10-Sep, Bharat Road Network Ltd's stock price is currently at 20.40, reflecting an increase of 0.2 or 0.99%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock's performance over the past year has been significantly negative, with a return of -59.01%. In the short term, the stock has outperformed the Sensex, with a 1-week return of +1.69% compared to the benchmark's +1.06%. However, there is a concerning decline in investor participation, as the delivery volume has dropped by 64.39% against the 5-day average. The company has reported positive results for the last three consecutive quarters, with substantial growth in profit before tax and profit after tax, indicating strong operational performance despite the stock's overall poor long-term returns.
In the broader market context, while Bharat Road Network Ltd has shown some short-term resilience, its long-term performance remains underwhelming, with a significant decline over the past year and three years. The stock's high debt levels and weak long-term fundamental strength, evidenced by a debt-to-equity ratio of 2.67 times and low profitability per unit of shareholders' funds, contribute to its underperformance. Although the stock is trading at a discount compared to its peers and has shown attractive valuations, the overall negative sentiment is compounded by its historical returns and poor growth metrics, which may deter long-term investors.