Why is Triveni Turbine falling/rising?

As of 13-Aug, Triveni Turbine Ltd. is currently priced at 517.35, reflecting a slight increase of 1.15 or 0.22%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.33%, and it has significantly underperformed in the past month with a decline of 19.70%. Despite strong long-term fundamentals, including an average Return on Equity (ROE) of 23.08% and low debt levels, the company reported a substantial drop in net sales and profit after tax, which fell by 26.0% and 27.8%, respectively, compared to the previous four-quarter average. This has contributed to a perception of the stock being overvalued, as indicated by its high Price to Book Value ratio of 13.5.
In the broader market context, Triveni Turbine's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500, which recorded a slight decline of 0.64% over the past year, while Triveni's stock fell by 34.29%. This significant disparity highlights the challenges the company faces in the current market environment, despite having high institutional holdings at 37.59%, which typically suggests confidence from more knowledgeable investors. The rising delivery volume indicates increased investor participation, but the overall negative financial performance and high valuation metrics continue to weigh heavily on the stock's outlook.