Why is Brigade Enterpr. falling/rising?

As of 16-Sep, Brigade Enterprises Ltd's stock price is currently at 953.35, reflecting a decrease of 15.5 points or 1.6%. Today's price movement indicates that the stock opened with a gain of 2.68% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock touched an intraday high of Rs 994.85 and a low of Rs 943, with more volume traded closer to the low price. Over the past week, Brigade Enterprises has outperformed the Sensex with a return of 5.55% compared to the benchmark's 1.58%. However, the stock has underperformed the sector today by 2.65%. Despite healthy long-term growth with an annual operating profit increase of 29.20% and positive results over the last three quarters, the company faces challenges such as a high Debt to EBITDA ratio of 4.42 times, which indicates a low ability to service debt and contributes to its recent price decline.
In the broader market context, Brigade Enterprises has significantly underperformed over the past year, with a return of -29.49% compared to the Sensex's slight decline of -0.73%. While the stock has shown strong performance over longer periods, such as a 71.16% increase over three years, its recent struggles highlight a disconnect between its operational growth and stock performance. The high institutional holdings at 42.78% suggest that knowledgeable investors are monitoring the company's fundamentals closely, yet the stock's expensive valuation and low return on equity of 7.71% may deter further investment. Overall, the combination of recent price movements, high debt levels, and underperformance relative to the market contributes to the stock's current downward trend.