Why is Larsen & Toubro falling/rising?

As of 25-Jul, Larsen & Toubro Ltd. is experiencing a decline in its stock price, currently at 3,443.35, which reflects a decrease of 34.9 points or 1.0%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -1.2% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, down by 44.85% compared to the 5-day average, suggesting a lack of investor interest. Over the past month, the stock has declined by 4.92%, while its year-to-date performance shows a drop of 4.56%, contrasting with the Sensex, which has gained 4.25% in the same timeframe.
In the broader market context, Larsen & Toubro's short-term performance has been weaker than the benchmark, as it has lost 0.77% over the past week compared to the Sensex's decline of only 0.36%. Despite these negative trends, the company has some positive fundamentals, such as a strong debtors turnover ratio and high cash reserves, which may provide some support for the stock. The company's attractive valuation, indicated by a low enterprise value to capital employed ratio, and high institutional holdings at 63.05% suggest that there is confidence in its long-term prospects. However, the recent price movements and declining investor participation indicate that short-term sentiment remains cautious.