Why is BLS Internat. falling/rising?

As of 15-Oct, BLS International Services Ltd is experiencing a decline in its stock price, currently at Rs 278.85, reflecting a decrease of Rs 13.2 or 4.52%. The stock has been underperforming significantly, with a consecutive fall over the last six days, resulting in a total decline of 20.74%. It is also close to its 52-week low, just 0.66% away from Rs 277. The stock's performance over various periods shows a stark contrast to the benchmark, with a 1-week return of -19.76% and a year-to-date return of -42.25%. Despite the company reporting healthy growth in net sales and operating profit, the stock has generated a negative return of -26.04% over the past year, indicating a disconnect between its financial performance and market perception.
In the broader market context, BLS International has notably underperformed compared to the Sensex, which has shown a positive return of 1.02% over the past week and 5.72% year-to-date. The decline in institutional investor participation, with a decrease of 0.79% in their stake, suggests a lack of confidence among more sophisticated investors, which may be contributing to the stock's downward trend. Additionally, the stock's trading below all key moving averages indicates a bearish sentiment. While the company has demonstrated strong fundamentals with consistent profit growth, the market's reaction has been negative, leading to a significant divergence from the overall market performance.