Why is Balkrishna Inds falling/rising?

As of 31-Jul, Balkrishna Industries Ltd is experiencing a decline in its stock price, currently at Rs 2,672.70, reflecting a decrease of Rs 82.1 or 2.98%. Today's price summary indicates that the stock has underperformed its sector by 0.84% and has fallen after three consecutive days of gains, reaching an intraday low of Rs 2,653.1, which is a drop of 3.69%. Over the past week, the stock has decreased by 1.56%, while its performance over the last month shows a positive return of 7.77%. However, the stock has underperformed the benchmark over the past year, with a return of -19.64% compared to the BSE500's -0.68%. The company's financials reveal a high management efficiency with a ROCE of 15.96% and a low Debt to EBITDA ratio of 0.81, but it also faces challenges such as a significant drop in PAT and operating profit margins, which have contributed to its recent price decline.
Broader market context shows that the Tyres & Allied sector has fallen by 2.12%, indicating a negative trend affecting the industry as a whole. The stock's liquidity remains adequate, with a delivery volume of 2.11 lacs, although this has decreased by 31.22% compared to the five-day average. Despite being the second-largest company in its sector with a market cap of Rs 53,255 crore, Balkrishna Industries has consistently underperformed against the benchmark over the last three years. This underperformance, coupled with the recent negative financial results and a high valuation relative to its peers, suggests that investor sentiment may be shifting, contributing to the stock's current downward movement.