Why is BEML Ltd falling/rising?

As of 07-Aug, BEML Ltd's stock price is currently at Rs 3,889.00, reflecting a decline of Rs 60.85 or 1.54%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decrease of 2.66% in this period. It touched an intraday low of Rs 3,865.5, indicating some volatility. While the stock's performance today is in line with the sector, it has underperformed in the short term, with a 1.62% decline over the past week and a significant 14.65% drop over the past month. Despite these short-term challenges, BEML Ltd maintains a low debt-to-equity ratio of 0.18, healthy long-term growth with an operating profit growth rate of 106.60%, and high institutional holdings at 24.38%, which could provide some stability and confidence among investors.
In the broader market context, BEML Ltd's recent performance contrasts with the benchmark Sensex, which has only declined by 0.69% over the past week. This suggests that the stock is underperforming relative to the overall market. Over the past month, while BEML Ltd has decreased by 14.65%, the Sensex has only fallen by 3.38%, highlighting a significant divergence in performance. The stock's liquidity remains adequate for trading, but the recent consecutive falls and underperformance against the benchmark may be contributing to investor caution.