Why is BEML Ltd falling/rising?

As of 08-Aug, BEML Ltd's stock price is currently at 3,857.10, reflecting a decrease of 31.9 points or 0.82%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 3.46% during this period. Despite outperforming its sector by 0.57% today, the stock's performance over the past month shows a significant decline of 14.80%, while year-to-date it has decreased by 5.10%. The stock's delivery volume has also seen a notable drop of 20.16% compared to the five-day average, indicating a decrease in investor participation. However, the company maintains a low debt-to-equity ratio of 0.18 times, high institutional holdings at 24.38%, and a strong long-term growth outlook with an annual operating profit growth rate of 106.60%.
In the broader market context, BEML Ltd's recent performance contrasts with the benchmark Sensex, which has declined by 0.92% over the past week, while BEML's stock has increased by 0.23% in the same timeframe. This indicates that BEML has been relatively resilient compared to the broader market. However, the stock's year-to-date performance is underwhelming compared to the Sensex, which has gained 2.20%. The company's significant market capitalization of Rs 16,146 crore and its position as the second-largest in its sector may provide some stability, yet the recent price movements suggest that investor sentiment is cautious, likely influenced by the declining returns and reduced trading activity.