Why is Bharat Bijlee falling/rising?

As of 23-Sep, Bharat Bijlee Ltd's stock price is currently at 3,074.00, reflecting a decrease of 30.05 points, or 0.97%. The stock has underperformed its sector today, continuing a downward trend with a total decline of 1.44% over the last two days. In the past week, the stock has seen a slight decrease of 0.62%, while it has performed better over the past month with a gain of 9.79%. Despite these recent gains, the stock has experienced significant losses over the year, down 34.45%. Positive factors include a low debt-to-equity ratio of 0.12, healthy long-term growth with an annual operating profit increase of 37.06%, and a fair valuation compared to peers. However, the stock's recent performance is hindered by falling investor participation, as evidenced by a decline in delivery volume by 11.6% against the five-day average.
Broader market context shows that the Sensex has declined by 0.34% over the past week, indicating that the stock's short-term performance is slightly worse than the benchmark. While the stock has a high institutional holding of 21.6%, suggesting confidence from larger investors, the overall market sentiment appears to be affecting its price negatively. The stock's year-to-date performance is particularly concerning, with a drop of 17.85% compared to the Sensex's gain of 5.07%, highlighting a significant divergence from broader market trends.