Why is Balkrishna Inds falling/rising?

As of 09-Sep, Balkrishna Industries Ltd is experiencing a decline in its stock price, currently at 2,302.90, which reflects a decrease of 25.65 or 1.1%. The stock has underperformed its sector today by 1.52%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 64.83% compared to the 5-day average. Over the past week, the stock has decreased by 2.27%, and its performance over the last month shows a decline of 5.18%. The company has also reported negative financial results, with a decrease in profit before tax and profit after tax, contributing to a year-to-date return of -20.86%.
In the broader market context, while the Sensex has gained 1.18% over the past week and 1.56% over the past month, Balkrishna Industries has struggled significantly, underperforming the benchmark index in both short-term and long-term periods. The company has a high management efficiency indicated by a ROCE of 15.96% and a low Debt to EBITDA ratio, which suggests a strong ability to service debt. However, the stock is perceived as expensive with a high enterprise value to capital employed ratio, and its negative performance over the past year, alongside a decline in profits, has led to a bearish sentiment among investors.