Why is Bharat Dynamics falling/rising?

As of 02-Sep, Bharat Dynamics Ltd is experiencing a price increase, currently at 1,471.05, with a change of 12.0 (0.82%) upwards. The stock has shown a positive trend over the last three days, gaining 2.95% during this period. Despite a recent decline of 5.95% over the past month, the stock has performed well year-to-date with a return of 31.01%. Key financial indicators include a significant growth in PAT for the June quarter at 154.2% and a solid increase in net sales for the nine-month period. Additionally, the company has a low debt-to-equity ratio, and institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Bharat Dynamics has outperformed the Sensex over the past year, generating a return of 12.84% compared to the benchmark's decline of 2.91%. However, in the short term, the stock's performance over the past week is slightly better than the Sensex, which fell by 0.78%. The stock's liquidity remains adequate for trading, although there has been a notable decrease in delivery volume, which may suggest a decline in retail investor participation. Overall, the combination of strong institutional support and consistent returns over the past three years contributes to the stock's recent upward movement.