Why is Bharat Dynamics falling/rising?

As of 25-Jul, Bharat Dynamics Ltd is experiencing a decline in its stock price, currently at Rs 1,657.50, which reflects a decrease of Rs 38.5 or 2.27%. The stock has been underperforming, having fallen consecutively for the last four days with a total decline of 3.8% during this period. Today's performance indicates that it has underperformed its sector by 1.51%. Additionally, the stock has touched an intraday low of Rs 1,640.05, and there has been a significant drop in investor participation, with delivery volume decreasing by 45.63% compared to the five-day average. Despite these challenges, the company has shown strong financial performance with a 79.23% growth in net sales over the last six months and has a low debt-to-equity ratio, which may provide some stability.
In the broader market context, Bharat Dynamics' short-term performance has been weaker than the benchmark, with a one-week return of -0.84% compared to the Sensex's -0.36%. However, over the longer term, the stock has outperformed the benchmark significantly, with a year-to-date return of 47.62% versus the Sensex's 4.25%. The recent increase in institutional investor participation, which has risen by 1.15% in the last quarter, indicates a positive outlook from more sophisticated investors, potentially supporting the stock in the long run. Despite the current decline, the company's consistent returns over the past three years, including a 17.88% return in the last year, suggest that it has the potential to recover as market conditions improve.