Why is Brigade Enterpr. falling/rising?

As of 29-Aug, Brigade Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 922.50, which reflects a decrease of Rs 33.5 or 3.5%. The stock has underperformed its sector by 2.43% today, touching an intraday low of Rs 919.65. Over the past week, Brigade Enterprises has seen a return of -4.05%, and its performance over the last month is down by 8.89%. Despite a healthy long-term growth rate in operating profit of 29.20% and positive results for the last three consecutive quarters, the stock's high Debt to EBITDA ratio of 4.42 times raises concerns about its ability to service debt. Additionally, the company's return on equity is relatively low at 7.71%, indicating low profitability per unit of shareholders' funds, which may contribute to the stock's downward pressure.
In the broader market context, Brigade Enterprises has significantly underperformed compared to the benchmark Sensex, which has seen a decline of only 1.84% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 25.54%, while the Sensex has gained 2.14% during the same period. This stark contrast highlights the challenges Brigade Enterprises faces in the current market environment, as it has not only lagged behind the market but also generated a return of -23.44% over the past year, compared to the BSE500's negative return of -5.40%. The combination of high institutional holdings and rising investor participation may not be sufficient to offset the negative sentiment stemming from its financial metrics and recent performance.