Why is Brigade Enterpr. falling/rising?

As of 01-Aug, Brigade Enterprises Ltd is experiencing a decline in its stock price, currently at 979.95, down by 24.05 points or 2.4%. The stock has underperformed its sector by 0.83% today and has touched an intraday low of Rs 976.35. Over the past week, Brigade Enterprises has seen a return of -7.11%, and over the past month, it has declined by 11.08%. Despite these short-term challenges, the company has shown healthy long-term growth with an annual operating profit growth rate of 19.02% and a net profit growth of 5.87%. The company has also reported positive results for the last two consecutive quarters, which may provide some support to investor confidence.
Broader market context indicates that Brigade Enterprises has underperformed the Sensex, which has only declined by 1.06% over the past week. The stock's performance is notably weaker compared to the benchmark, reflecting broader market sentiments. However, the company benefits from high institutional holdings at 42.78%, suggesting that these investors, who typically have more resources to analyze fundamentals, may provide some stability. Despite the recent price drop, the company's strong financial metrics, including a low debt-equity ratio and high return on capital employed, may indicate potential for recovery in the long run.