Why is BHEL falling/rising?

As of 09-Sep, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a decline in its stock price, currently at 214.55, which reflects a decrease of 2.15 or 0.99%. The stock has underperformed its sector by 0.89% today and has fallen after two consecutive days of gains. In terms of returns, BHEL has shown a negative performance over various periods, including a 1-week decline of 0.23%, a 1-month drop of 3.66%, and a year-to-date decrease of 6.43%. Additionally, the stock's delivery volume has decreased by 16.43% compared to the 5-day average, indicating falling investor participation. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, it also faces significant challenges, including a substantial drop in profit after tax and a very high price-to-book value ratio, which suggests an expensive valuation relative to its peers.
In the broader market context, BHEL's performance has been notably weaker than the benchmark, as the Sensex has gained 1.18% over the past week and 1.56% over the past month, contrasting sharply with BHEL's negative returns. Over the last year, while the broader market has declined by 0.56%, BHEL's stock has fallen by 18.14%, indicating a significant underperformance. This disparity highlights the challenges BHEL is facing in attracting investor confidence, particularly in light of its recent financial results and the high institutional holdings that may not be enough to offset the negative sentiment surrounding the stock.