Why is Timken India falling/rising?

As of 24-Sep, Timken India Ltd's stock price is currently at 2,996.10, reflecting a decrease of 51.5 points or 1.69%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.77% during this period. In terms of returns, the stock has shown a negative performance of 1.42% over the past week and a year-to-date decline of 3.85%, significantly underperforming the benchmark Sensex, which has gained 4.58% year-to-date. The company exhibits high management efficiency with a return on equity (ROE) of 16.31% and maintains a low debt-to-equity ratio, but it faces challenges such as poor long-term growth and a high price-to-book value ratio, indicating an expensive valuation relative to its peers.
Broader market context reveals that Timken India's stock has consistently underperformed against the benchmark over the last three years, with a notable decline of 23.89% in the past year compared to a 3.77% drop in the Sensex. The stock's recent performance is further compounded by falling investor participation, as evidenced by a 4.75% decrease in delivery volume against the five-day average. Despite high institutional holdings at 37.12%, which typically provide a buffer against volatility, the stock's flat results in June and the high PEG ratio of 3.5 suggest that investors may be cautious, leading to the current downward trend in its price.