Why is Bharat Bijlee falling/rising?

As of 22-Sep, Bharat Bijlee Ltd's stock price is currently at 3,081.00, reflecting a decrease of 37.95 or 1.22%. Today's price summary indicates that the stock's performance is in line with its sector, although it is trading higher than the 20-day, 50-day, and 100-day moving averages, but lower than the 5-day and 200-day moving averages. The stock has shown a mixed performance over various periods, with a 1-week return of -0.93% compared to the Sensex's +0.46%, a 1-month return of +10.04% against +1.05% for the Sensex, and a year-to-date decline of -17.66% versus the Sensex's +5.15%. Despite the recent decline, the company maintains a low debt-to-equity ratio of 0.12, healthy long-term growth with an operating profit growth rate of 37.06%, and a return on equity of 7.1, which suggests an attractive valuation.
In the broader market context, while Bharat Bijlee's recent short-term performance has lagged behind the benchmark, its long-term returns over three years show a significant increase of 216.49%, compared to the Sensex's 38.97%. The stock's high institutional holdings at 21.6% indicate strong investor confidence, as these investors typically have better resources to analyze the company's fundamentals. However, the stock's negative return of -33.02% over the past year, despite a profit increase of 5.8%, and a PEG ratio of 4.4, suggests that the market may be pricing in concerns about future growth potential, contributing to the recent price decline.