Why is Bajaj Holdings falling/rising?

As of 13-Nov, Bajaj Holdings & Investment Ltd is currently priced at 11,985.95, reflecting a decrease of 3.5 or 0.03%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 4.96% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 47.55% compared to the 5-day average. While the company has demonstrated strong long-term fundamental strength with a 25.67% CAGR growth in operating profits, recent financial results have been concerning, including a 46.65% decline in net sales over the past nine months and a 10.4% decrease in profit after tax compared to the previous quarter's average.
In the broader market context, Bajaj Holdings has underperformed relative to the benchmark Sensex, which has gained 1.40% over the past week while Bajaj Holdings has dropped 8.72%. This disparity highlights the stock's recent struggles despite a positive long-term growth trajectory. The stock's valuation appears expensive with a price-to-book ratio of 2, and while it has generated a return of 13.98% over the past year, its profits have decreased by 4.4%, further contributing to the negative sentiment surrounding the stock.