Why is Brigade Enterpr. falling/rising?

As of 17-Oct, Brigade Enterprises Ltd is experiencing a price increase, currently at Rs 982.75, reflecting a rise of Rs 15.55 or 1.61%. The stock has shown a strong performance today, outperforming its sector by 1.47% and achieving a consecutive gain over the last three days, with a total return of 7.4% during this period. It reached an intraday high of Rs 989.25, and its delivery volume has increased by 20.05% compared to the five-day average, indicating rising investor participation. Despite a year-to-date decline of 20.68% and a one-year drop of 23.51%, the company has demonstrated healthy long-term growth with an annual operating profit increase of 29.20%, and it has reported positive results for the last three consecutive quarters.
In the broader market context, Brigade Enterprises Ltd's short-term return of 4.25% over the past week significantly outpaces the Sensex's return of 1.76% during the same period. However, the stock has underperformed the market over the last year, where the BSE500 has generated a return of 0.54%. While the company has high institutional holdings at 42.78%, indicating confidence from larger investors, it also faces challenges such as a high Debt to EBITDA ratio of 4.42 times, which raises concerns about its ability to service debt. Additionally, despite a recent rise in profits, the stock's overall performance has been lackluster, with a PEG ratio of 0.7 suggesting it is trading at a discount compared to its peers.