Why is Bharat Bijlee falling/rising?

As of 04-September, Bharat Bijlee Ltd's stock is currently priced at 3,030.00, reflecting a decrease of 5.4 or 0.18%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 0.49%. Despite this short-term drop, the stock has shown positive performance over the past week and month, with returns of 3.62% and 4.57%, respectively. However, it has significantly underperformed on a year-to-date basis, with a decline of 19.03%. The company's low debt-to-equity ratio of 0.12 and healthy long-term growth, indicated by a 37.06% annual growth rate in operating profit, suggest a stable financial position. Additionally, the stock's attractive valuation, with a price-to-book ratio of 1.7, and high institutional holdings at 21.6% provide some support for its price.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.80% over the past week, Bharat Bijlee's recent performance indicates a divergence, as it has outperformed the sector by 0.57% today. However, the stock's year-to-date performance is notably poor, with a decline of 19.03% against the Sensex's gain of 3.30%. The falling investor participation, evidenced by a 35.09% drop in delivery volume, may also contribute to the stock's recent price decline, indicating a lack of confidence among retail investors despite the company's solid fundamentals.