Why is BHEL falling/rising?

As of 14-Aug, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a decline in its stock price, currently at 221.70, which reflects a decrease of 2.25 or 1.0%. The stock has shown a trend reversal, falling after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 70.21% compared to the 5-day average. Over the past week, the stock has underperformed with a return of -2.68%, while the Sensex has remained relatively flat at -0.03%. The company's financials reveal a concerning picture, with a substantial loss in profit after tax and low operating profit to interest ratios, contributing to its negative performance.
In the broader market context, BHEL's performance has been notably weaker than the benchmark, as it has underperformed the market over the past year with a return of -23.55% compared to the BSE500's -0.57%. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation appears expensive, trading at a premium relative to its peers. The high institutional holdings may provide some stability, but the overall sentiment remains negative due to the significant decline in profitability and the stock's inability to keep pace with market trends.