Why is Bharat Bijlee falling/rising?

As of 29-Aug, Bharat Bijlee Ltd's stock price is currently at Rs 2,967.00, reflecting an increase of Rs 42.8 or 1.46%. The stock has shown a positive performance today, outperforming its sector by 0.3%, and it reached an intraday high of Rs 2,990.4, which is a 2.26% increase. Over the past week, the stock has gained 5.96%, while its one-month return is slightly positive at 0.71%. However, it has significantly underperformed over the longer term, with a year-to-date decline of 20.71% and a one-year drop of 44.32%. The company maintains a low debt-to-equity ratio of 0.12, indicating financial stability, and has shown healthy long-term growth with an annual operating profit increase of 37.06%. Despite these positives, recent quarterly results have been disappointing, with a 21.1% drop in profit before tax and a 16.6% decline in profit after tax compared to previous quarters.
In the broader market context, Bharat Bijlee's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 1.84% over the past week and 1.88% over the past month. While the stock has outperformed the benchmark in the short term, its long-term performance remains concerning, as it has underperformed the market significantly over the past year, with a return of -44.32% compared to the Sensex's -2.83%. This disparity highlights the challenges the company faces in regaining investor confidence, despite its strong fundamentals and high institutional holdings at 21.6%.