Why is Bajaj Electrical falling/rising?

As of 07-Jul, Bajaj Electricals Ltd is currently priced at 690.00, reflecting a decrease of 0.3, or 0.04%. The stock has underperformed its sector by 1.24% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has shown a slight increase of 0.04%, while it has performed better over the past month with a return of 5.84%. However, it has significantly underperformed over the longer term, with a year-to-date decline of 10.97% and a staggering 37.34% drop over the past year. The company has a low Debt to Equity ratio and has reported positive results, including a high inventory turnover ratio and substantial growth in profit after tax. However, the stock's long-term growth prospects are concerning, 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, indicating an expensive valuation relative to its peers.
In the broader market context, the Sensex has shown a slight decline of 0.20% over the past week, while Bajaj Electricals has managed a small gain, suggesting a relative strength in the short term. However, the stock has consistently underperformed against the benchmark over the last three years, with returns of -37.34% compared to the Sensex's positive performance of 4.31% over the same period. This consistent underperformance, coupled with falling investor participation and a premium valuation compared to historical averages, indicates that market sentiment towards Bajaj Electricals remains cautious, contributing to its recent price decline.