Why is Bharat Dynamics falling/rising?

As of 04-Aug, Bharat Dynamics Ltd is experiencing a price increase, with its current price at 1,591.75, reflecting a rise of 26.55 or 1.7%. Today's price summary indicates that the stock has gained after three consecutive days of decline, although it underperformed its sector by 1.5%. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages. Over the past week, Bharat Dynamics has seen a decline of 1.79%, and its performance over the last month shows a significant drop of 19.50%. Despite these short-term challenges, the company has shown strong long-term performance, with a year-to-date return of 41.76% and a remarkable 279.24% increase over the last three years. Positive factors contributing to the stock's recent movement include a low debt-to-equity ratio, increased participation from institutional investors, and consistent returns over the past three years, although concerns about poor long-term growth and high valuation remain.
In the broader market context, the Sensex has seen a slight increase of 0.16% over the past week, while Bharat Dynamics' performance has lagged behind with a decline of 1.79%. This underperformance in the short term contrasts with the stock's strong year-to-date performance compared to the benchmark's 3.69% increase. The defense sector, in which Bharat Dynamics operates, has gained by 3.33%, indicating a positive trend in the industry that may not be fully reflected in the company's stock price. The decline in delivery volume and the stock's premium valuation compared to peers may also be contributing factors to its recent price movement, suggesting that while there are positive indicators, caution remains warranted due to the stock's mixed performance relative to the broader market.