Why is Bharat Dynamics falling/rising?

As of 31-Jul, Bharat Dynamics Ltd is experiencing a slight decline in its stock price, currently at 1,619.25, reflecting a decrease of 1.5 points or 0.09%. The stock has been under pressure, having fallen for the last two consecutive days with a total return decline of 0.26% during this period. Over the past week, the stock has decreased by 4.53%, and over the last month, it has seen a significant drop of 18.23%. Despite these short-term challenges, the company has shown strong performance over the longer term, with a year-to-date increase of 44.21% and a remarkable 298.90% rise over the past three years. The recent performance has been affected by a 39.09% drop in delivery volume compared to the five-day average, indicating falling investor participation. However, the company maintains a low debt-to-equity ratio and has reported positive net sales growth of 79.23% in the latest six months, which could support its valuation.
In the broader market context, Bharat Dynamics' recent performance contrasts with the benchmark Sensex, which has only declined by 1.22% over the past week and 3.00% over the last month. This suggests that while the stock is underperforming relative to the market in the short term, it has outperformed the Sensex significantly over the longer term, as evidenced by its 10.93% return over the past year compared to the Sensex's decline of 0.68%. Additionally, the increasing participation of institutional investors, who have raised their stake by 1.15%, indicates a positive outlook from more sophisticated market participants, which may help stabilize the stock in the future.