Why is BHEL falling/rising?

As of 18-Aug, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a decline in its stock price, currently at Rs 216.65, which reflects a decrease of Rs 5.05 or 2.28%. The stock has underperformed its sector by 1.8% today and has been on a consecutive decline for the last two days, with a total drop of 3.26% during this period. Additionally, the stock has shown poor performance over the past week and month, with returns of -2.15% and -13.51%, respectively. The company's financial health is concerning, as evidenced by a significant drop in profit after tax for the quarter, which fell by 115.5%, and the lowest operating profit to interest ratio recorded. Despite having 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 decline.
In the broader market context, BHEL's performance has lagged behind the benchmark index, the Sensex, which has gained 0.83% over the past week while BHEL has lost 2.15%. Over the last year, BHEL's stock has decreased by 26.91%, significantly underperforming the market, which only fell by 1.14%. The stock's liquidity appears adequate for trading, but a notable drop in investor participation, with delivery volume falling by 74.68% against the five-day average, suggests waning interest among investors. This combination of poor financial results, high valuation, and decreasing investor engagement indicates a challenging environment for BHEL, leading to its current downward price movement.