Why is Balkrishna Inds falling/rising?

As of 01-Sep, Balkrishna Industries Ltd's stock price is currently at 2,332.50, reflecting an increase of 37.5, or 1.63%. Today's price summary indicates that the stock has gained after five consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has underperformed its sector by 0.39% today, and over the past week, it has seen a decline of 1.79%, with a more significant drop of 9.64% over the past month. Despite these challenges, the company exhibits high management efficiency with a return on capital employed (ROCE) of 15.96% and a low debt-to-EBITDA ratio of 0.81, which suggests a strong ability to service its debt. However, negative financial results in the latest quarter, including a significant drop in profit before tax and profit after tax, have raised concerns about its valuation and long-term performance.
Broader market context shows that while Balkrishna Industries has struggled with a year-to-date return of -19.85%, the benchmark Sensex has gained 2.85% in the same period. This underperformance is compounded by the stock's negative returns over the last year and three years, where it has lagged behind the broader market indices. The tyre and allied sector has seen a gain of 2.1%, indicating that the broader market may be performing better than Balkrishna Industries. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be cautious due to its recent financial performance and valuation concerns compared to peers.