Why is Bharat Dynamics falling/rising?

As of 05-Aug, Bharat Dynamics Ltd's stock price is currently at Rs 1,586.30, reflecting a decrease of Rs 2.1 or 0.13%. Today's price summary indicates that the stock touched an intraday low of Rs 1,550.25, representing a decline of 2.4%. Despite this, the stock has outperformed its sector by 1.06% today, and there has been a notable increase in delivery volume, which rose by 13.86% compared to the 5-day average. Over the past week, the stock has seen a decline of 2.29%, and over the past month, it has dropped 19.77%. However, it has shown strong performance year-to-date with a return of 41.27% and a remarkable 284.74% increase over the last three years. The company benefits from a low debt-to-equity ratio and has seen increasing participation from institutional investors, who now hold 13.87% of the company, indicating confidence in its fundamentals.
In the broader market context, Bharat Dynamics' short-term performance has been weaker than the benchmark, with the Sensex declining only 0.77% over the past week and 3.26% over the past month. This suggests that while the stock has been experiencing significant volatility and a downward trend recently, it has still managed to outperform the broader market over the longer term. However, concerns about its long-term growth potential are evident, as the company has faced a decline in operating profit and a high valuation compared to its peers. Despite generating positive returns over the past year, the stock's profits have decreased by 10.3%, which may contribute to investor caution.