Why is BEML Ltd falling/rising?

As of 05-Aug, BEML Ltd's stock price is currently at 3,995.30, reflecting an increase of 7.95 or 0.2%. The stock has been gaining for the last two days, with a total return of 3.91% during this period. However, it has experienced a decline of 2.32% over the past week and 11.65% over the past month, indicating a challenging short-term performance compared to the benchmark Sensex, which has only fallen by 0.77% and 3.26% respectively. Despite this, the company maintains a low debt-to-equity ratio of 0.18, indicating financial stability, and has shown healthy long-term growth with an annual operating profit increase of 106.60%. Additionally, high institutional holdings at 24.38% suggest confidence from more knowledgeable investors, although a recent drop in delivery volume by 37.69% could indicate reduced investor participation.
In the broader market context, BEML Ltd's recent performance contrasts with the benchmark Sensex, which has shown a more stable decline. The stock's year-to-date performance is down by 1.70%, while the Sensex has gained 3.29% in the same period. This divergence highlights the stock's underperformance relative to the market. However, over a longer horizon, BEML has significantly outperformed the Sensex, with a remarkable 248.09% increase over three years compared to the benchmark's 38.23%. This long-term growth, coupled with its substantial market capitalization of Rs 16,605 crore, positions BEML as a significant player in its sector, even as it navigates short-term volatility.