Why is BHEL falling/rising?

As of 23-Sep, Bharat Heavy Electricals Ltd. is experiencing a decline in its stock price, currently at 238.85, which represents a decrease of 0.75 or 0.31%. The stock has shown a trend reversal after six consecutive days of gains, indicating a potential shift in investor sentiment. Although the stock has outperformed its sector by 0.44% today, it has seen a decrease in delivery volume by 11.04% compared to the five-day average, suggesting falling investor participation. Over the past week, the stock has increased by 2.91%, and over the past month, it has risen by 9.29%. However, its year-to-date performance is modest at 4.16%, and it has underperformed over the past year with a decline of 12.88%. The company's low debt-to-equity ratio and healthy long-term growth in operating profit are positive factors, but the significant drop in profit after tax and low operating profit to interest ratio indicate underlying financial challenges.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has decreased by 0.34% over the past week, suggesting that BHEL's short-term gains are notable compared to the benchmark. However, the stock's year-on-year performance of -12.88% significantly lags behind the Sensex's decline of only 3.33%, highlighting a longer-term struggle. The high institutional holdings at 24.86% may provide some stability, as these investors typically have more resources to analyze the company's fundamentals. Nevertheless, the stock's expensive valuation relative to its peers, combined with a high PEG ratio, raises concerns about its sustainability in the face of recent profit declines.