Why is Bharat Bijlee falling/rising?

As of 01-Jul, Bharat Bijlee Ltd's stock price is currently at Rs 3,071.00, reflecting a decrease of Rs 27.9 or 0.9%. Today, the stock opened with a gain of 2.52% and reached an intraday high of Rs 3,176.95, but ultimately underperformed its sector by 1.14%. Over the past week, the stock has shown a positive return of 9.60%, while its one-month return stands at 3.19%. Despite these short-term gains, the stock has significantly underperformed over the past year, with a decline of 37.40%. Positive factors contributing to the stock's performance include a low debt-to-equity ratio, strong growth in profit before tax and net sales, and high institutional holdings. However, the stock's overall performance remains weak, as it has generated negative returns compared to the broader market.
In the broader market context, while the Sensex has gained 2.00% over the past week and 2.76% over the past month, Bharat Bijlee's recent performance indicates a divergence from these benchmarks. The stock's year-to-date performance shows a decline of 17.93%, contrasting sharply with the Sensex's gain of 7.11%. This underperformance, particularly over the last year, where the stock has lost 37.40% against the market's positive return of 5.31%, suggests that investor sentiment may be cautious despite some positive financial indicators. The falling investor participation, as evidenced by a significant drop in delivery volume, further underscores the challenges the stock faces in regaining momentum.