Why is BHEL falling/rising?

As of 21-Aug, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a decline in its stock price, currently at 218.50, which reflects a decrease of 2.15 points or 0.97%. The stock has underperformed its sector by 0.26% today and has fallen 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, investor participation has decreased significantly, with delivery volume dropping by 53.59% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 26.32%, while its profits have only risen by 5.2%, resulting in a high PEG ratio of 50.7, which suggests that the stock is overvalued relative to its earnings growth.
In the broader market context, BHEL's performance has been notably weaker than the benchmark, as it has fallen 14.20% over the past month while the Sensex has only decreased by 0.24%. This trend of underperformance continues over the year, with BHEL's returns significantly lagging behind the market's modest decline of 1.56%. The company's low debt-to-equity ratio and healthy long-term growth in operating profit are overshadowed by its recent financial struggles, including a substantial quarterly loss and low operating profit to interest ratio. High institutional holdings may provide some stability, but the overall sentiment remains negative, contributing to the stock's downward movement.