Why is Timken India falling/rising?

As of 11-Aug, Timken India Ltd is experiencing a decline in its stock price, currently at 2,846.90, reflecting a decrease of 28.75 points or 1.0%. The stock has been on a downward trend, losing value for the last eight consecutive days, resulting in a total return of -15.91% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company's performance has also been poor in comparison to the benchmark, with a one-week return of -8.08% against the Sensex's -0.51%. Factors contributing to this decline include a flat quarterly result with a 6.8% drop in PAT and a high Price to Book Value ratio of 7.5, suggesting an expensive valuation despite a relatively high return on equity of 16.31%. Furthermore, the stock has shown consistent underperformance against the benchmark over the last three years.
In the broader market context, while the Sensex has shown a slight increase of 3.15% year-to-date, Timken India has declined by 8.64% in the same timeframe, reflecting a significant underperformance. The falling investor participation, with a delivery volume decrease of 68.34% compared to the 5-day average, indicates waning interest among investors. Although the company boasts high institutional holdings at 37.12%, which typically suggests confidence from knowledgeable investors, the overall sentiment remains negative due to the company's poor long-term growth prospects and recent financial results. This combination of factors has led to a lack of confidence in the stock, contributing to its current downward trajectory.