Why is Balkrishna Inds falling/rising?

As of 24-Jul, Balkrishna Industries Ltd is experiencing a decline in its stock price, currently at 2,715.00, reflecting a decrease of 25.6 points or 0.93%. The stock has underperformed its sector today by 0.73% and has been on a downward trend for the last three days, accumulating a total loss of 2.11% during this period. Although the stock is trading above its 20, 50, 100, and 200-day moving averages, it remains below its 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 48.78% compared to the 5-day average. Despite a high management efficiency indicated by a ROCE of 15.96% and a low Debt to EBITDA ratio of 0.81, the stock's valuation appears expensive, and it has consistently underperformed against the benchmark over the past year.
In the broader market context, the stock's performance over the past week shows a decline of 0.73%, while the Sensex has only decreased by 0.09%. Year-to-date, Balkrishna Industries has seen a drop of 6.70%, contrasting with the Sensex's gain of 5.18%. The company's annual sales account for 10.53% of the industry, and it holds a significant market cap, making it the second-largest in its sector. However, the stock's consistent underperformance against the benchmark, with a return of -13.98% over the last year, raises concerns among investors, particularly as profits have increased by 12.5% during the same period, leading to a high PEG ratio of 2.5.