Why is Bajaj Electrical falling/rising?

As of 17-Sep, Bajaj Electricals Ltd is currently priced at 604.70, reflecting an increase of 11.4 or 1.92%. The stock has shown a positive trend recently, outperforming its sector by 1.5% today and achieving a consecutive gain over the last two days with a total return of 2.98%. Despite this short-term uptick, the stock has had a challenging year, with a year-to-date decline of 21.97% and a significant drop of 39.23% over the past year. The company maintains a low Debt to Equity ratio of 0.04 times and has a fair valuation with a return on equity of 6.7, indicating that it is trading at a discount compared to its peers. However, the stock's profits have fallen by 26.1%, and it has consistently underperformed against benchmarks over the last three years.
In the broader market context, Bajaj Electricals' short-term performance of +3.62% over the past week surpasses the Sensex's gain of +1.56%, indicating some resilience in a challenging environment. However, the stock's long-term performance remains concerning, with a three-year decline of 46.26% compared to the Sensex's increase of 40.54%. The falling investor participation, as evidenced by a 63.49% drop in delivery volume, raises concerns about liquidity and investor confidence. Additionally, the company's operating cash flow and profit before tax have significantly decreased, which may further impact investor sentiment and the stock's future performance.