Why is Thermax falling/rising?

As of 18-Aug, Thermax Ltd. is currently priced at 3,284.55, reflecting a slight increase of 3.55 (0.11%). Today's performance indicates that the stock has underperformed its sector by 0.3%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.18%, but it has significantly underperformed over the longer term, with a 15.80% decline over the past month and a 25.33% drop over the past year. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the company has faced challenges, including flat results in June and a low debtors turnover ratio, which may contribute to investor concerns about its valuation.
In the broader market context, while the Sensex has shown a positive return of 0.83% over the past week, Thermax's performance has lagged behind, indicating a weaker sentiment towards the stock compared to the overall market. The stock's year-to-date return of -19.34% starkly contrasts with the Sensex's gain of 4.01%, highlighting its underperformance. This disparity suggests that investors may be cautious about Thermax's future prospects, especially given its recent financial metrics and the significant decline in delivery volume, which fell by 67.99% against the 5-day average.