Why is Bharat Dynamics falling/rising?

As of 17-Jul, Bharat Dynamics Ltd's stock price is currently at Rs 1,743.30, reflecting a decline of Rs 58.45 or 3.24%. The stock has been on a downward trend, having fallen for six consecutive days, resulting in a total decrease of 12.05% during this period. Today's performance indicates that it underperformed its sector by 2.8%, and it reached an intraday low of Rs 1,737. The stock's recent returns show a decline of 7.89% over the past week and 8.48% over the past month, although it has still generated a substantial 55.26% return year-to-date. Despite a low debt-to-equity ratio and positive quarterly sales results, the stock has seen a significant drop in investor participation, with delivery volume decreasing by nearly 50% compared to the five-day average.
In the broader market context, the Sensex has only declined by 1.12% over the past week, indicating that Bharat Dynamics' short-term performance is significantly worse than the benchmark. While institutional investors have increased their stake in the company, suggesting confidence in its fundamentals, the stock's recent price movement reflects broader market pressures and a lack of retail investor interest. The stock's performance over the last three years has been strong, with a return of 403.70%, but the current trend indicates challenges that may be affecting investor sentiment and participation.