Why is BEML Ltd falling/rising?

As of 15-Jul, BEML Ltd's stock price is currently at Rs 4,615.00, reflecting an increase of Rs 21.4 or 0.47%. The stock has shown a positive trend recently, gaining 4.04% over the last two days, although it underperformed its sector by 0.31% today. The stock has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Additionally, the stock has performed well over the past week and month, with returns of 1.95% and 7.23%, respectively, while year-to-date returns stand at 13.54%. The company's low debt-to-equity ratio, healthy long-term growth in operating profit, and high institutional holdings further support the stock's positive movement.
In the broader market context, BEML Ltd's recent performance contrasts with the Sensex, which has declined by 1.36% over the past week and increased by only 1.79% over the past month. This indicates that BEML Ltd is outperforming the benchmark index in the short term. The company's significant market capitalization and its position as the second-largest in its sector, along with a solid annual sales figure, contribute to its resilience and attractiveness to investors, particularly institutional ones who have a better capacity to analyze the company's fundamentals.