Why is Brigade Enterpr. falling/rising?

As of 04-Jul, Brigade Enterprises Ltd is experiencing a price increase, currently at 1,073.40, reflecting a rise of 26.3 or 2.51%. Today's price movement is notable as the stock has outperformed its sector by 1.75% and has shown a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 1077, indicating positive momentum. Despite a challenging performance over the past month and year, with declines of 11.56% and 22.51% respectively, the company has demonstrated healthy long-term growth with an annual operating profit increase of 19.02%. Positive results in the last two quarters, a high return on capital employed, and significant institutional holdings suggest strong fundamentals, although concerns regarding its high debt-to-EBITDA ratio and low return on equity may temper investor enthusiasm.
In the broader market context, Brigade Enterprises Ltd has underperformed compared to the benchmark Sensex, which has gained 3.01% over the past month while the stock has declined. However, the stock's recent performance today indicates a positive shift, contrasting with its longer-term struggles. The rising investor participation, evidenced by a 31.57% increase in delivery volume, may signal renewed interest despite the stock's overall negative returns in the past year. This juxtaposition of short-term gains against a backdrop of longer-term underperformance highlights the complexities of market sentiment surrounding Brigade Enterprises Ltd.