Why is Bharat Dynamics falling/rising?

As of 06-Aug, Bharat Dynamics Ltd's stock price is currently at 1,577.40, reflecting a decrease of 8.9 points or 0.56%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 0.69%. In terms of performance, the stock has seen a significant drop of 20.22% over the past month, while it has generated a positive return of 17.21% over the last year. Despite a recent high of Rs 1,618, the stock's moving averages indicate it is currently lower than the 5-day, 20-day, 50-day, and 100-day averages, which may signal bearish sentiment. Additionally, while the company has a low debt-to-equity ratio and has seen increased institutional investor participation, concerns about poor long-term growth and high valuation relative to peers may be contributing to the stock's recent decline.
In the broader market context, Bharat Dynamics has underperformed the Sensex, which has only declined by 1.15% over the past week compared to the stock's 2.67% drop. This suggests that the stock's recent struggles are not solely due to market conditions but may be influenced by company-specific issues, including a negative trend in operating profit growth and a high price-to-book value ratio. While the stock has shown strong returns over the longer term, the recent negative performance relative to the benchmark indicates that investor sentiment may be shifting, particularly in light of the company's declining profits despite a year of positive returns.