Why is Bharat Dynamics falling/rising?

As of 19-Sep, Bharat Dynamics Ltd's stock price is currently at 1,631.60, reflecting an increase of 22.8 points or 1.42%. The stock has shown strong performance recently, outperforming its sector by 1.43% today and reaching an intraday high of Rs 1,645, which is a 2.25% increase. Over the past week, the stock has risen by 4.14%, and it has delivered impressive returns of 45.42% over the past year, significantly outperforming the broader market, which has seen negative returns. Despite a decline in investor participation, as indicated by a 59.17% drop in delivery volume, the company maintains a low debt-to-equity ratio and has reported positive financial results, including a 154.2% growth in PAT for the quarter ending June 25. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, Bharat Dynamics Ltd has outperformed the benchmark Sensex, which has only gained 0.88% over the past week, while the stock has risen by 4.14%. This trend continues over longer periods, with the stock's year-to-date return of 45.31% compared to the Sensex's 5.74%. The stock's strong performance amidst a generally negative market environment suggests that investor sentiment remains positive, particularly due to the increasing participation of institutional investors who are better equipped to analyze the company's fundamentals. Overall, the combination of solid financial performance, low debt levels, and institutional interest contributes to the stock's rising price.