Why is Bajaj Electrical falling/rising?

As of 26-Sep, Bajaj Electricals Ltd is experiencing a decline in its stock price, currently at Rs 543.20, which reflects a decrease of Rs 22.45 or 3.97%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 8.16% during this period. It has also underperformed its sector by 2.43% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, Bajaj Electricals has generated a return of -44.10%, with profits declining by 26.1%. Additionally, the company has a low Debt to Equity ratio, but its operating cash flow and profit after tax have seen significant declines, contributing to negative sentiment around the stock.
In the broader market context, Bajaj Electricals has underperformed against the benchmark Sensex, which has only declined by 2.66% over the past week, while Bajaj Electricals has dropped by 7.96%. This consistent underperformance over the last three years, alongside high institutional holdings at 23.46%, suggests that larger investors are also cautious about the stock's fundamentals. The stock's liquidity is adequate for trading, but the significant drop in delivery volume indicates a lack of investor confidence. Overall, the combination of poor financial performance, negative returns, and a bearish trend in stock price has led to a strong sell sentiment among investors.