Why is Brigade Enterpr. falling/rising?

As of 23-Jul, Brigade Enterprises Ltd is experiencing a decline in its stock price, currently at 1,048.65, which reflects a decrease of 41.35 or 3.79%. The stock has been underperforming, having lost 7.42% over the last four days, and it has touched an intraday low of Rs 1029.5. Additionally, Brigade Enterprises has shown negative returns over various periods, including a 6.18% drop over the past week and an 8.49% decline over the past month. Despite the company's healthy long-term growth indicators, such as a 19.02% annual growth rate in operating profit and positive results in the last two quarters, the stock's recent performance has been adversely affected by falling investor participation and trading below key moving averages.
In the broader market context, Brigade Enterprises' recent performance contrasts sharply with the Sensex, which has gained 0.11% over the past week and 1.01% over the past month. This underperformance is further highlighted by the stock's year-to-date decline of 15.36%, while the benchmark has risen by 5.87%. The high institutional holdings at 42.78% suggest that knowledgeable investors are backing the company, yet the current market sentiment appears to be negative, contributing to the stock's downward trajectory.