Why is Bharat Dynamics falling/rising?

As of 24-Jul, Bharat Dynamics Ltd is experiencing a decline in its stock price, currently at 1,696.00, reflecting a decrease of 7.35, or 0.43%. The stock has been on a downward trend, losing value for the last three consecutive days, with a total decline of 1.56% during this period. While the stock has shown impressive long-term performance, with a year-to-date increase of 51.04% and a staggering 370.62% rise over the past three years, it has recently underperformed in the short term, with a 2.71% drop over the past week. Additionally, the stock's delivery volume has significantly decreased, falling by 67.44% compared to the five-day average, indicating reduced investor participation. Despite these challenges, the company maintains a low debt-to-equity ratio and has reported strong net sales growth of 79.23% over the last six months, which may provide some support for its valuation.
In the broader market context, Bharat Dynamics' recent performance contrasts with the Sensex, which has only seen a slight decline of 0.09% over the past week. This indicates that the stock's short-term struggles are more pronounced than the overall market trend. Furthermore, the increasing participation of institutional investors, who have raised their stake by 1.15% in the last quarter, suggests a positive outlook from more sophisticated market players, potentially stabilizing the stock in the long run. However, the current short-term performance and declining investor interest may be contributing to the stock's recent price drop, highlighting a divergence between its strong historical performance and current market sentiment.