Why is Brigade Enterpr. falling/rising?

As of 07-Nov, Brigade Enterprises Ltd is experiencing a decline in its stock price, currently at 978.25, which reflects a decrease of 14.9 points or 1.5%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.13% during this period. Additionally, the stock's performance over the past week shows a decline of 5.85%, while it has seen a modest increase of 5.61% over the past month. However, year-to-date, it has significantly underperformed with a drop of 21.05%. The company's financial health is concerning, as indicated by a weak EBIT to Interest ratio of 1.62 and a low Return on Equity of 6.29%, suggesting challenges in profitability and debt servicing. Furthermore, the recent quarterly results showed a decline in both profit before tax and profit after tax compared to previous averages, contributing to negative sentiment around the stock.
In the broader market context, Brigade Enterprises Ltd has notably underperformed compared to the benchmark Sensex, which has gained 6.50% year-to-date. The stock's recent performance has been particularly weak, with a 1-year return of -15.36%, contrasting sharply with the market's positive returns of 2.78% over the same period. The stock's liquidity appears adequate, but a decline in investor participation, as evidenced by a 17.58% drop in delivery volume, may indicate waning interest among traders. Overall, the combination of poor financial metrics, declining investor confidence, and underperformance relative to the market is contributing to the stock's downward trajectory.