Why is BHEL falling/rising?

As of 25-Aug, Bharat Heavy Electricals Ltd. is experiencing a decline in its stock price, currently at 216.45, which represents a decrease of 2.1 or 0.96%. The stock has underperformed its sector by 0.92% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a minimal change of -0.09%, while its performance over the last month has been significantly worse at -9.87%. Additionally, the company has reported a substantial drop in investor participation, with delivery volume falling by 61.84% compared to the 5-day average. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the company is facing challenges, including a significant loss in profit after tax and a very high price-to-earnings growth ratio, indicating an expensive valuation relative to its peers.
In the broader market context, the stock has underperformed the benchmark index, the Sensex, which has gained 0.45% over the past week and 0.21% over the past month. Over the last year, while the Sensex has shown a slight increase of 0.68%, Bharat Heavy Electricals Ltd. has seen a steep decline of 26.91%. This stark contrast highlights the stock's struggles, particularly as it has not only lagged behind the market but also generated negative returns compared to the broader BSE500 index, which fell by 2.11% in the same timeframe. The combination of poor recent performance, high valuations, and declining investor interest suggests a challenging environment for the stock moving forward.