Why is Balkrishna Inds falling/rising?

As of 23-Jul, Balkrishna Industries Ltd is currently priced at 2,740.60, reflecting a decrease of 14.3 points or 0.52%. The stock has been underperforming, having lost 1.19% over the last two days and is down 14.01% over the past year. Despite trading above its moving averages for 5, 20, 50, 100, and 200 days, the stock's delivery volume has significantly decreased by 72.48% compared to the 5-day average, indicating falling investor participation. While the company boasts high management efficiency with a return on capital employed (ROCE) of 15.96% and a low debt-to-EBITDA ratio of 0.81, it faces challenges such as a high PEG ratio of 2.6 and consistent underperformance against benchmarks over the last three years.
In the broader market context, Balkrishna Industries has shown a 3.60% increase over the past week, while the Sensex has only risen by 0.11%, indicating relative strength in the short term. However, the stock's year-to-date performance is down 5.82%, contrasting with the Sensex's gain of 5.87%. This divergence highlights the stock's struggles despite its strong institutional holdings of 35.34% and significant market capitalization. The company's recent financial metrics, including a substantial growth in interest and a low operating profit to interest ratio, further complicate its outlook, suggesting that while it has some strengths, the overall sentiment remains cautious.