Why is Triveni Turbine falling/rising?

As of 26-Aug, Triveni Turbine Ltd. is experiencing a decline in its stock price, currently at 530.00, which reflects a decrease of 3.15 points or 0.59%. The stock has underperformed in the short term, with a 1-month return of -15.08% compared to a benchmark decline of only -0.83%. Additionally, the stock is trading below its moving averages across multiple time frames, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 55.37% against the 5-day average, suggesting a drop in investor participation. While the company maintains strong long-term fundamentals, including a solid return on equity and low debt levels, recent financial performance has been disappointing, with net sales and profit after tax both showing substantial declines compared to previous quarters.
In the broader market context, Triveni Turbine's performance has been notably weaker than the benchmark, with a year-to-date return of -28.29% compared to the Sensex's positive return of 3.39%. This stark contrast highlights the stock's struggle to attract investor confidence despite its high institutional ownership, which typically indicates a level of stability and analysis capability. The company's valuation appears expensive relative to its earnings growth, as reflected in the high price-to-book ratio and PEG ratio, further complicating its market position. Overall, the combination of poor recent financial results, declining investor interest, and a significant underperformance relative to the broader market contributes to the stock's current downward trajectory.