Why is Bajaj Electrical falling/rising?

As of 18-Sep, Bajaj Electricals Ltd is currently priced at 597.80, reflecting a decrease of 6.9 points or 1.14%. Today's performance indicates that the stock has underperformed its sector by 0.3%, and it has experienced a trend reversal after two consecutive days of gains. The stock's recent returns show a modest increase of 1.81% over the past week and 2.62% over the past month; however, it has significantly underperformed over the longer term, with a year-to-date decline of 22.86% and a staggering 39.25% drop over the past year. The stock is trading at a discount compared to its peers, but it has faced challenges such as a low operating cash flow and a substantial decline in profit after tax, which has contributed to its recent price movement.
In the broader market context, the stock's short-term performance aligns closely with the benchmark Sensex, which has also shown a slight increase of 1.80% over the past week. Despite this, Bajaj Electricals has consistently underperformed against the benchmark over the last three years, highlighting a trend of declining investor confidence. The company's high institutional holdings suggest that informed investors are closely monitoring its fundamentals, yet the stock's persistent underperformance and falling investor participation, evidenced by a significant drop in delivery volume, indicate a lack of bullish sentiment in the market.