Why is Thermax falling/rising?

As of 26-Aug, Thermax Ltd. is experiencing a decline in its stock price, currently at 3,261.60, reflecting a decrease of 21.35 points or 0.65%. The stock has shown a negative performance trend, having fallen 1.39% over the past week and 12.88% over the past month, while also underperforming the benchmark Sensex, which declined by only 1.05% and 0.83% respectively during the same periods. Today's trading activity indicates a trend reversal, as the stock has dropped after two consecutive days of gains. Additionally, it is trading below all key moving averages, and the engineering sector has also seen a decline of 2.2%. Despite a healthy long-term growth rate in operating profit and a low debt-to-equity ratio, the stock's recent performance has been hindered by flat results in the last quarter and an expensive valuation compared to peers.
Broader market context shows that Thermax's short-term performance is lagging behind the benchmark, with a 1-week return of -1.39% compared to the Sensex's -1.05%. The stock has significantly underperformed over the past year, with a return of -26.47% against the Sensex's -1.12%. While there has been an increase in investor participation, as indicated by a rise in delivery volume, the overall sentiment remains cautious due to the company's flat quarterly results and below-par performance in both the near and long term. This combination of factors contributes to the stock's current downward trajectory in a challenging market environment.