Why is Triveni Turbine falling/rising?

As of 29-Aug, Triveni Turbine Ltd. is experiencing a decline in its stock price, currently at 518.95, which reflects a decrease of 4.1 or 0.78%. The stock has underperformed its sector by 0.94% today and has been on a consecutive downward trend for the last three days, accumulating a total decline of 2.66%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 23.08% and a low Debt to Equity ratio, the company reported a significant 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 the stock's recent negative performance, alongside a high valuation reflected in its Price to Book Value ratio of 13.6.
In the broader market context, Triveni Turbine's performance over the past year shows a decline of 27.75%, significantly underperforming the benchmark BSE500, which recorded a negative return of only 5.40%. The stock's year-to-date performance is also concerning, with a drop of 29.79%, while the Sensex has gained 2.14% during the same period. This stark contrast highlights the challenges faced by Triveni Turbine in maintaining investor confidence, despite rising investor participation indicated by a 158.36% increase in delivery volume. Overall, the combination of poor quarterly results and high valuation metrics has led to a negative sentiment surrounding the stock.