Why is BHEL falling/rising?

As of 29-Aug, Bharat Heavy Electricals Ltd. (BHEL) is currently priced at 208.40, showing no change (0.00%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Over the past week, the stock has decreased by 4.64%, and it has fallen by 13.35% over the past month. Despite a recent rise in delivery volume by 13.39% against the 5-day average, the company's financial performance has raised concerns, particularly with a significant drop in profit after tax (PAT) of 115.5% and a low operating profit to interest ratio. The stock's valuation appears expensive with a price to book value of 2.9, and it has underperformed the market significantly over the last year, generating a return of -28.40% compared to the broader market's -5.40%.
In the broader market context, BHEL's performance has been notably weaker than the benchmark, as evidenced by its substantial decline in stock price relative to the Sensex, which has only fallen by 1.84% over the same period. The company's high institutional holdings at 24.86% suggest that informed investors are closely monitoring its fundamentals, yet the recent financial metrics indicate a troubling outlook. The overall market sentiment has been negative, and BHEL's poor performance in comparison to the benchmark reflects a lack of confidence among investors, contributing to its current price stagnation.