Why is Bharat Road falling/rising?

As of 01-Oct, Bharat Road Network Ltd's stock price is currently at Rs 21.64, reflecting a decline of Rs 1.18 or 5.17%. Today's price summary indicates that the stock has underperformed its sector by 7.43%, with an intraday low of Rs 20.52, marking a significant drop of 10.08%. The stock has exhibited high volatility today, with an intraday volatility of 7.25%, and has traded within a wide range of Rs 2.42. Over the past week, the stock has shown a slight increase of 0.23%, but it has significantly underperformed over the longer term, with a year-to-date decline of 52.68% and a one-year return of -53.56%. Despite positive financial results in the last three quarters, including substantial growth in profit before tax and profit after tax, the company's high debt levels and weak long-term growth prospects have contributed to its recent price decline.
In the broader market context, while the Sensex has experienced a slight decline of 0.90% over the past week, Bharat Road Network Ltd's performance has been notably worse, indicating a significant underperformance relative to the benchmark. The company's high debt-to-equity ratio of 2.67 and low return on equity of 8.59% suggest fundamental weaknesses that may deter investors. Despite the stock trading at a discount compared to its peers and showing attractive valuation metrics, the overall negative sentiment stemming from its poor long-term growth and substantial losses over the past year has overshadowed these positives, leading to its current downward price movement.