Why is Thermax falling/rising?

As of 14-Aug, Thermax Ltd. is experiencing a decline in its stock price, currently at 3,281.00, reflecting a decrease of 15.45 (-0.47%). The stock has underperformed in the short term, with a 1-week return of -1.68% and a 1-month return of -4.65%. Today's performance indicates a trend reversal, as the stock has fallen after three consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite a significant increase in delivery volume, which rose by 142.69% against the 5-day average, the stock's overall performance remains weak, with a year-to-date decline of 19.42% compared to a 3.15% gain in the benchmark index. In the broader market context, Thermax's performance has been notably weaker than the benchmark, with a 1-year return of -23.64% compared to the Sensex's gain of 1.89%. This underperformance is compounded by flat results in the latest quarter, including the lowest net sales and a high debt-to-equity ratio. Although the company has a low debt-to-equity ratio and strong institutional holdings, these factors have not been sufficient to offset the negative sentiment surrounding its recent financial results and valuation concerns, as indicated by a high PEG ratio of 5.4. Overall, the combination of disappointing financial metrics and a significant decline in stock performance relative to the market has contributed to the current downward trend in Thermax's stock price.