Why is BSL falling/rising?

As of 10-Jul, BSL Ltd's stock price is currently at 170.05, reflecting a decline of 3.45, or 1.99%. The stock has been underperforming, having lost 5.11% over the last three days and underperformed its sector by 1.69% today. Despite a positive performance over the past week and month, with returns of 4.58% and 24.17% respectively, the stock has struggled significantly year-to-date, down 37.69%. The company has a high debt level and weak long-term fundamental strength, with a debt-to-equity ratio that raises concerns. Additionally, the stock's return on equity is low at 8.88%, and profits have fallen by 27.3% over the past year, contributing to the negative sentiment surrounding the stock.
In the broader market context, while BSL has shown some short-term gains, it has significantly underperformed the benchmark Sensex, which has gained 6.46% year-to-date. The stock's recent decline is compounded by falling investor participation, with delivery volume dropping by 91.72% against the five-day average, indicating a lack of confidence among investors. Furthermore, the company's negative financial results, including a 95% drop in profit before tax compared to previous quarters, highlight ongoing operational challenges. Overall, these factors suggest that while there may have been some short-term gains, the long-term outlook remains bleak, leading to the current downward pressure on BSL's stock price.