Why is Bharat Bijlee falling/rising?

As of 24-Oct, Bharat Bijlee Ltd's stock price is currently at 3,027.90, reflecting a decrease of 63.95 points or 2.07%. The stock has been underperforming recently, having fallen consecutively for the last two days, with a total decline of 2.86% in that period. Additionally, the stock's performance over the past week and month shows declines of 1.95% and 6.01%, respectively, while it has significantly underperformed the benchmark Sensex, which has gained 0.31% over the past week and 3.05% over the past month. Despite these short-term challenges, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 40.41%. The stock is trading at a fair value compared to its peers, and its profits have risen by 21.6% over the past year, indicating a potentially attractive valuation.
Broader Market Context: In the broader market context, Bharat Bijlee's recent performance contrasts sharply with the benchmark Sensex, which has shown positive returns in both the short term and year-to-date. While the stock has experienced a year-to-date decline of 19.08% and a one-year decline of 32.83%, the Sensex has gained 7.77% and 5.18% in the same periods, respectively. This divergence suggests that while the company has strong fundamentals and institutional support, the stock's recent price movement may be influenced by broader market trends and investor sentiment, leading to its current downward trajectory.