Why is Bharat Bijlee falling/rising?

As of 18-Sep, Bharat Bijlee Ltd's stock price is currently at 3,085.00, reflecting a decrease of 27.75 or 0.89%. The stock has underperformed its sector today, opening with a loss of 3.14% and reaching an intraday low of Rs 3,015.1. Over the past week, the stock has shown a modest gain of 0.38%, but it has significantly lagged behind the Sensex, which has increased by 1.80%. Despite a year-to-date decline of 17.56%, the company has demonstrated healthy long-term growth with an annual operating profit increase of 37.06%. The stock's valuation appears attractive with a Price to Book Value of 1.8, and it has a low Debt to Equity ratio of 0.12 times. However, the stock's recent performance has been impacted by a significant drop in investor participation, with delivery volume falling by 57.94% compared to the 5-day average.
In the broader market context, while Bharat Bijlee's stock has experienced a decline, the Sensex has performed better, gaining 1.80% over the past week. This underperformance may be attributed to the stock's recent volatility and declining investor interest, despite high institutional holdings at 21.6%, which typically indicate a more stable investment base. The stock's long-term performance remains strong, with a remarkable 210.71% increase over the past three years, but the recent negative sentiment and lower trading volumes suggest caution among investors.