Why is Bharat Bijlee falling/rising?

As of 26-Jun, Bharat Bijlee Ltd's stock price is currently at Rs 3,096.00, reflecting a decline of Rs 58.15, or 1.84%. The stock has underperformed its sector by 2.51% today and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 3,084.65, which is a decrease of 2.2%. Over the past week, the stock has shown a positive return of 9.59%, but it has significantly underperformed over the last year with a return of -36.87%. Despite a low debt-to-equity ratio of 0.12 and positive financial results, including a 64.4% growth in profit before tax, the stock's recent performance has been hindered by its substantial underperformance compared to the broader market.
Broader Market Context: In the context of the broader market, Bharat Bijlee's stock has lagged behind the benchmark Sensex, which has returned 2.94% over the past week and 7.19% year-to-date. The stock's negative performance over the last year, where it has generated a return of -36.87% compared to the market's 4.11%, indicates a significant disconnect between the company's performance and market trends. Although there is rising investor participation and high institutional holdings at 21.14%, the overall sentiment remains cautious due to the stock's historical underperformance and the recent decline in price.