Why is Bharat Bijlee falling/rising?

As of 14-Jul, Bharat Bijlee Ltd's stock price is currently at 3,229.00, reflecting a decrease of 19.15 points or 0.59%. The stock has experienced a trend reversal, falling after four consecutive days of gains. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 7.45% and 10.52%, respectively. However, it has significantly underperformed over the past year, with a decline of 37.98%. The company has reported strong financials, including the highest cash and cash equivalents and net sales in the last quarter, and has a low debt-to-equity ratio, which may contribute to its attractive valuation. Additionally, high institutional holdings at 21.14% suggest confidence from larger investors, although the stock's overall performance remains a concern.
In the broader market context, Bharat Bijlee's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.40% over the past month. The stock's year-to-date performance is notably poor, with a decline of 13.71%, while the Sensex has increased by 5.27% during the same period. This underperformance relative to the market may be influencing investor sentiment negatively, leading to the current price drop. Despite the stock's liquidity and rising investor participation, the overall trend indicates that it has not kept pace with broader market movements, contributing to its recent decline.