Why is Titagarh Rail falling/rising?

As of 02-Jul, Titagarh Rail Systems Ltd is experiencing a decline in its stock price, currently at Rs 950.35, which reflects a decrease of Rs 13.55 or 1.41%. The stock has underperformed its sector by 0.59% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 940.55, indicating a 2.42% drop. Over the past week, the stock has shown a positive return of 2.84%, and a monthly increase of 4.68%. However, it has significantly underperformed over the year, with a return of -47.31%, while its profits have decreased by 4.5%. The stock's high institutional holdings at 25.05% suggest that these investors, who typically have better analytical capabilities, may be cautious given the company's recent negative results and low return on capital employed (ROCE) of 14.63%.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has generated negative returns of -47.31% over the past year, while the BSE500 has returned 3.11%. Despite a healthy long-term growth rate in operating profit of 34.45%, the stock's valuation appears expensive with a price-to-book value of 5.2, which may deter potential investors. The liquidity of the stock remains adequate, with a delivery volume increase of 19.99% against the five-day average, but the overall sentiment is weighed down by the company's recent financial performance and the significant underperformance compared to the market.