Why is BHEL falling/rising?

As of 07-Aug, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a decline in its stock price, currently at Rs 227.80, which reflects a decrease of Rs 11.85 or 4.94%. The stock has underperformed its sector by 3.22% today and has been on a downward trend, losing 8.16% over the past two days. It opened with a loss of 2.21% and reached an intraday low of Rs 222.5, indicating significant selling pressure. The stock's performance over the past week shows a decline of 4.41%, and over the past month, it has fallen by 11.10%. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the recent financial results indicate a substantial drop in profit after tax and operating profit margins, contributing to the stock's negative movement.
In the broader market context, BHEL's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.69% over the past week. Over the last year, BHEL has generated a return of -25.21%, contrasting sharply with the Sensex's positive return of 1.45%. This underperformance is compounded by the company's expensive valuation metrics, such as a high Price to Book Value ratio and a PEG ratio of 52.9, which suggest that the stock is trading at a premium compared to its peers. Although there has been an increase in institutional holdings, which typically indicates confidence from knowledgeable investors, the overall financial health of the company appears to be deteriorating, leading to a bearish sentiment among investors.