Why is BHEL falling/rising?

As of 24-Sep, Bharat Heavy Electricals Ltd. is experiencing a decline in its stock price, currently at 236.05, which reflects a decrease of 2.8 or 1.17%. The stock has been losing value for the last two days, with a total drop of 1.48% during this period. Although the stock has shown a positive return of 8.01% over the past month, it has underperformed over the last year with a decline of 16.38%. The company's financials reveal a concerning trend, with a significant drop in profit after tax and operating profit, alongside a very high price-to-earnings growth (PEG) ratio of 54.8, indicating an expensive valuation compared to its peers. Additionally, there has been a decrease in investor participation, as evidenced by a 12.85% drop in delivery volume against the five-day average.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 1.18% over the past week. While BHEL's short-term performance aligns with the sector, its longer-term returns have significantly lagged behind the market, particularly over the last year where it fell by 16.38% compared to the BSE500's decline of only 5.32%. This underperformance, coupled with the company's low return on equity and high institutional holdings, suggests that while some investors may have confidence in its long-term growth potential, the current financial metrics and market sentiment are contributing to the stock's downward movement.