Why is BHEL falling/rising?

As of 28-Aug, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a decline in its stock price, currently at 208.40, reflecting a decrease of 3.05 or 1.44%. The stock has underperformed its sector today by 0.57% and has been on a downward trend for the last three days, with a total decline of 4.64% during this period. Additionally, BHEL's performance over the past week shows a drop of 4.62%, and over the past month, it has fallen by 11.90%. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the company reported a significant loss in profit after tax for the quarter, which has contributed to its negative sentiment in the market. The stock's valuation appears expensive compared to peers, further impacting investor confidence.
In the broader market context, BHEL's recent performance contrasts sharply with the benchmark Sensex, which has declined by only 2.34% over the past week and 1.00% over the past month. This underperformance is evident as BHEL's year-to-date return is down by 9.11%, while the Sensex has gained 2.48% during the same period. The stock's significant drop of 29.24% over the past year, compared to the market's decline of 5.01%, highlights its struggles. Although there has been an increase in institutional holdings, which may indicate some level of confidence, the overall negative financial indicators and recent performance trends suggest that BHEL is facing considerable challenges in the current market environment.