Why is Triveni Turbine falling/rising?

As of 12-Sep, Triveni Turbine Ltd. is experiencing a price increase, currently at Rs 531.65, reflecting a rise of Rs 17.85 or 3.47%. The stock has outperformed its sector today by 2.83%, reaching an intraday high of Rs 539.1, which is a 4.92% increase. Despite this positive movement, the stock has shown a year-to-date decline of 28.07% and a one-year decline of 29.84%. The company's fundamentals indicate strong long-term strength with an average Return on Equity (ROE) of 23.08% and a low Debt to Equity ratio. However, recent quarterly results show significant declines in net sales and profit after tax, which may contribute to investor caution despite high institutional holdings.
In the broader market context, Triveni Turbine's short-term return of 4.00% over the past week significantly outpaces the Sensex's return of 1.48%. However, the stock has underperformed the market over the past year, where the BSE500 index recorded a negative return of -3.45%, highlighting the stock's relative weakness. The stock's current valuation appears expensive with a Price to Book Value of 13.9, and while it trades at a discount compared to peers, the high PEG ratio of 2.7 suggests that the stock may not be a favorable investment at this time, especially given its recent performance metrics.