Why is BHEL falling/rising?

As of 19-Sep, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a price increase, currently at Rs 237.55, reflecting a rise of 3.2 or 1.37%. The stock has shown a positive performance today, outperforming its sector by 1.17% and achieving a consecutive gain over the last five days, with a total return of 3.87% during this period. Additionally, the stock has touched an intraday high of Rs 241.3. However, it is important to note that while the stock has a low Debt to Equity ratio and healthy long-term growth in operating profit, it also faces significant challenges, such as a substantial drop in profit after tax and low operating profit to interest ratios, which may raise concerns among investors.
In the broader market context, BHEL's short-term return of 3.87% over the past week significantly outpaces the Sensex's return of 0.88% during the same period. Despite this positive short-term performance, the stock has underperformed on a year-to-date basis, with a return of 3.60% compared to the Sensex's 5.74%. The high institutional holdings at 24.86% indicate confidence from larger investors, but the stock's high valuation relative to its peers and the negative profit metrics could lead to caution among retail investors. Overall, while the stock is currently rising, underlying financial challenges may impact its future performance.