Why is Brigade Enterpr. falling/rising?

As of 02-Jul, Brigade Enterprises Ltd is experiencing a decline in its stock price, currently at 1,057.95, reflecting a decrease of 44.05 or 4.0%. The stock has underperformed its sector by 2.37% today and has been on a downward trend for the last two days, accumulating a total loss of 4.89% during this period. Over the past week, Brigade Enterprises has seen a significant decline of 8.60%, and its year-to-date performance shows a drop of 14.61%. While the company has reported healthy long-term growth with an annual operating profit increase of 19.02% and positive results in the last two quarters, it also faces challenges such as a high Debt to EBITDA ratio of 4.42 times, indicating a low ability to service its debt, which may contribute to investor concerns.
In the broader market context, Brigade Enterprises has notably underperformed compared to the Sensex, which has gained 0.79% over the past week and 6.75% year-to-date. The stock's negative returns of -22.56% over the past year starkly contrast with the market's positive performance, highlighting its struggles. Despite high institutional holdings at 43.08%, which typically suggest confidence in the company's fundamentals, the stock's expensive valuation and low return on equity of 7.71% may deter potential investors. Overall, the combination of recent price declines, underperformance relative to the market, and concerns about debt servicing capabilities are likely driving the stock's current downward movement.