Why is Triveni Turbine falling/rising?

As of 11-Jul, Triveni Turbine Ltd. is experiencing a decline in its stock price, currently at 644.25, down by 2.9 points or 0.45%. The stock has shown a trend reversal after three consecutive days of gains, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a positive performance over the past month with a return of 5.31%, the stock has underperformed year-to-date with a decline of 12.83%. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 49.12% compared to the 5-day average, indicating reduced trading activity. The company has strong fundamentals, including a consistent return on equity and positive results over the last 14 quarters, but it is facing challenges due to its high valuation metrics.
In the broader market context, Triveni Turbine's short-term performance has been relatively better than the benchmark, as it has declined by only 0.30% over the past week compared to the Sensex's decline of 1.12%. However, the stock's year-to-date performance significantly lags behind the benchmark's gain of 5.58%. While the company benefits from high institutional holdings and a solid track record of returns, the expensive valuation and declining investor participation may be contributing to the recent price drop. Overall, the stock's recent movement reflects a combination of strong long-term fundamentals and short-term market pressures.