Why is Triveni Turbine falling/rising?

As of 23-Sep, Triveni Turbine Ltd. is experiencing a decline in its stock price, currently at Rs 531.85, reflecting a decrease of Rs 8.0 or 1.48%. The stock has underperformed its sector by 0.82% today, with an intraday low of Rs 528, which is a 2.2% drop. Over the past week, the stock has decreased by 1.58%, and it has shown a significant decline of 28.04% year-to-date, compared to a 5.07% increase in the broader market. The company has reported a falling investor participation, with delivery volume dropping by 53.43% against the five-day average, indicating reduced interest among investors. Furthermore, while the company boasts a strong long-term fundamental strength with an average Return on Equity (ROE) of 23.08% and low debt levels, it faces challenges with recent financial performance, including a 27.8% fall in profit after tax and the lowest net sales recorded.
In the broader market context, Triveni Turbine's performance has been notably weaker than the benchmark, as it has underperformed the BSE500 index, which has seen a decline of only 4.69% over the past year. The stock's negative return of 27.96% over the same period highlights its struggles relative to the market. Despite high institutional holdings at 37.59%, which typically indicate a level of confidence from knowledgeable investors, the stock's valuation appears expensive with a Price to Book Value of 13.9, especially given its recent profit growth of 18.5%. The combination of these factors suggests that while there may be long-term potential, the current financial results and market sentiment are contributing to the stock's downward trajectory.