Why is Timken India falling/rising?

As of 28-Aug, Timken India Ltd is experiencing a decline in its stock price, currently at Rs 2,876.80, which reflects a decrease of Rs 42.4 or 1.45%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total drop of 4.91% during this period. Additionally, it has underperformed significantly over various time frames, with a 1-month decline of 16.30% and a 1-year drop of 23.24%. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. Despite high management efficiency and strong institutional holdings, the company faces challenges such as poor long-term growth, flat quarterly results, and a high valuation relative to its earnings growth, which may be contributing to the recent price decline.
In the broader market context, Timken India's short-term performance has been worse than the benchmark, with a 1-week return of -3.26% compared to the Sensex's -2.34%. This underperformance is consistent with the company's trend of lagging behind the benchmark over the last three years. The stock's liquidity appears adequate for trading, but the significant drop in delivery volume suggests a lack of investor confidence. Overall, the combination of weak financial performance, high valuation concerns, and consistent underperformance against the benchmark is likely driving the stock's recent decline.