Why is BEML Ltd falling/rising?

As of 11-Aug, BEML Ltd's stock price is currently at Rs 3,955.10, reflecting an increase of Rs 98.0 or 2.54%. Today's performance indicates a trend reversal, as the stock has gained after three consecutive days of decline. It reached an intraday high of Rs 4,045.6, marking a rise of 4.89%. Despite this positive movement, the stock has underperformed the benchmark Sensex over the past week and month, with returns of -0.81% and -10.84%, respectively. However, the company maintains a low debt-to-equity ratio of 0.18, indicating financial stability, and has shown healthy long-term growth with an operating profit growth rate of 106.60%. Additionally, high institutional holdings at 24.38% suggest confidence from more knowledgeable investors.
In the broader market context, BEML Ltd's recent performance contrasts with the Sensex, which has seen a smaller decline of -0.51% over the past week and -2.30% over the past month. This indicates that while BEML Ltd is experiencing a short-term recovery, it has struggled in the longer term compared to the benchmark, as evidenced by its year-to-date return of -2.69% versus the Sensex's gain of 3.15%. The stock's liquidity remains sufficient for trading, but a significant drop in delivery volume by 47.72% against the five-day average suggests a decrease in investor participation, which could impact future price movements.