Why is Brigade Enterpr. falling/rising?

As of 03-Jul, Brigade Enterprises Ltd is experiencing a decline in its stock price, currently at 1,047.10, which reflects a decrease of 10.85 points or 1.03%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 5.86% during this period. Additionally, Brigade Enterprises has shown negative returns over the past week and month, with declines of 7.32% and 15.03%, respectively. While the company has reported healthy long-term growth with a 19.02% annual increase in operating profit and positive results in the last two quarters, the high Debt to EBITDA ratio of 4.42 times raises concerns about its ability to service debt, contributing to the stock's recent downward movement.
In the broader market context, Brigade Enterprises has significantly underperformed compared to the Sensex, which has gained 3.10% over the past month while Brigade's stock has dropped 15.03%. This stark contrast highlights the stock's struggles, especially given its negative return of 23.41% over the past year against the market's modest gain of 2.20%. Despite high institutional holdings at 43.08% suggesting confidence from knowledgeable investors, the company's low return on equity and high valuation metrics may deter retail investors, further exacerbating the stock's decline.