Why is Bharat Bijlee falling/rising?

As of 23-Jul, Bharat Bijlee Ltd's stock price is currently at 3,040.90, reflecting a decline of 227.8 points or 6.97%. The stock has been underperforming, having fallen for three consecutive days with a total return of -9.24% during this period. Today's trading saw the stock touch an intraday low of Rs 3005, indicating significant volatility with an intraday fluctuation of 5.39%. Over the past week, the stock has decreased by 8.96%, while its performance over the past year shows a substantial decline of 30.40%. Despite a low Debt to Equity ratio and attractive valuation metrics, the company's recent financial results have been disappointing, with a notable drop in profit before tax and profit after tax compared to previous quarters, contributing to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting sharply with Bharat Bijlee's significant decline. The stock's performance has lagged behind the market, particularly over the last year, where it has generated negative returns of -30.40% compared to the BSE500's positive return of 1.79%. This underperformance, coupled with falling investor participation and high volatility, suggests that market sentiment is currently unfavorable for Bharat Bijlee, leading to its declining stock price.