Why is Bajaj Electrical falling/rising?

As of 27-Jun, Bajaj Electricals Ltd is experiencing a price increase, currently at 684.65, reflecting a change of 4.25 or 0.62% upward. The stock has shown a performance today that outperformed its sector by 0.43%. However, it has a mixed performance in the short term, with a 1-week return of +3.19% compared to the Sensex's +2.00%, but a 1-month return of +0.60% against the Sensex's +3.07%. Despite this positive movement, the stock has a concerning long-term trend, with a year-to-date return of -11.66% and a significant decline of -35.08% over the past year. The company benefits from a low debt-to-equity ratio of 0.04 times and high institutional holdings at 23.59%, indicating confidence from larger investors. However, the stock's poor long-term growth, with net sales declining at an annual rate of -0.60% over the last five years, and a return on equity of only 6.7, suggest it may be overvalued.
In the broader market context, while Bajaj Electricals has shown some short-term resilience, it has significantly underperformed the market over the last year, where the BSE 500 has generated returns of 4.10%. The stock's negative annual return of -35.08% starkly contrasts with the overall market performance, indicating that investor sentiment remains cautious despite recent gains. The falling investor participation, with a delivery volume decrease of -25.15% against the 5-day average, further highlights concerns about the stock's liquidity and attractiveness to retail investors. Overall, while there are some positive indicators in the short term, the long-term outlook remains challenging, contributing to the stock's mixed performance.