Why is BHEL falling/rising?

As of 13-Aug, Bharat Heavy Electricals Ltd. (BHEL) is currently priced at 223.95, reflecting an increase of 1.2 (0.54%). The stock has shown a positive performance today, outperforming its sector by 0.45% and has been gaining for the last two days with a total return of 1.15% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Despite a significant drop in delivery volume by 71.91% against the 5-day average, the company maintains a low debt-to-equity ratio of 0.03 times and has experienced healthy long-term growth with an operating profit growth rate of 18.96%. Nonetheless, the recent financial performance has been concerning, with a substantial quarterly loss of Rs -455.50 crore and a low return on equity of 2.2, leading to a perception of the stock being overvalued compared to its peers.
In the broader market context, BHEL has underperformed significantly over the past year, with a return of -22.80% compared to the BSE500's negative return of -0.64%. This stark contrast highlights the stock's struggles relative to the market. While the stock has shown some short-term gains, its long-term performance remains weak, and the high institutional holdings at 24.86% may not be enough to counteract the negative sentiment stemming from its recent financial results. The combination of falling investor participation and a high PEG ratio of 51.7 suggests that investors are cautious about the stock's future prospects, contributing to its overall downward pressure in the market.