Why is BHEL falling/rising?

As of 12-Aug, Bharat Heavy Electricals Ltd. (BHEL) is currently priced at 222.75, reflecting an increase of 1.35 or 0.61%. The stock has experienced a trend reversal, gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has underperformed significantly over the past week and month, with returns of -10.20% and -13.88%, respectively. Additionally, the company has reported a substantial decline in profit after tax, falling by 115.5%, and its operating profit to interest ratio is at its lowest. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation remains high compared to its peers, contributing to its recent price movements.
In the broader market context, BHEL's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.59% over the past week while BHEL fell by 10.20%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the company's high institutional holdings, which have increased by 1.32% over the previous quarter, suggest that informed investors are still interested, but the overall sentiment remains cautious due to the company's recent financial performance. The stock's liquidity is adequate for trading, but the falling investor participation, as indicated by a 33.26% drop in delivery volume, reflects a lack of confidence among retail investors, further contributing to the stock's challenges in the current market environment.