Why is Bharat Road falling/rising?

As of 11-Sep, Bharat Road Network Ltd's stock is currently priced at 20.53, reflecting an increase of 0.13 or 0.64%. The stock's performance today is in line with its sector, although it is trading above its 5-day and 20-day moving averages but below its longer-term moving averages (50-day, 100-day, and 200-day). Over the past week, the stock has gained 0.39%, while its one-month return stands at 14.76%. Despite this recent uptick, the stock has significantly underperformed over the longer term, with a year-to-date decline of 55.11% and a one-year return of -57.73%. Positive factors contributing to the stock's recent movement include three consecutive quarters of strong financial results, with profit before tax and profit after tax showing substantial growth. However, the company also faces challenges, such as high debt levels and weak long-term growth prospects, which may temper investor enthusiasm.
In the broader market context, the Sensex has increased by 1.03% over the past week and 1.17% over the past month, indicating that while Bharat Road Network Ltd has shown some short-term resilience, it still lags behind the benchmark in terms of overall performance. The stock's significant decline over the past year, coupled with its high debt-to-equity ratio and below-par long-term growth metrics, suggests that investor sentiment may remain cautious despite recent positive quarterly results. This juxtaposition of short-term gains against a backdrop of long-term challenges highlights the complexity of the stock's current situation within the broader market landscape.