Why is Bharat Electron falling/rising?

As of 07-Jul, Bharat Electronics Ltd is experiencing a decline in its stock price, currently at Rs 417.05, which reflects a decrease of Rs 10.5 or 2.46%. The stock has touched an intraday low of Rs 416.65 and is currently 4.53% away from its 52-week high of Rs 435.95. In terms of performance, the stock has shown a negative return of 1.10% over the past week, while it has outperformed the benchmark Sensex over the past month with a gain of 6.74% compared to the Sensex's 1.53%. Despite strong long-term fundamentals, including a healthy return on equity and consistent positive results over the last six quarters, the stock's recent movement may be influenced by a decline in investor participation, as evidenced by a significant drop in delivery volume.
Broader market context indicates that the defence sector, in which Bharat Electronics operates, has also seen a decline of 2.47%. This sector-wide downturn may be contributing to the stock's current price movement. While the stock has outperformed the benchmark over longer periods, the recent short-term performance relative to the Sensex suggests a divergence, with the stock's recent decline contrasting with its strong year-to-date return of 42.31%. The combination of sector performance and reduced investor activity may be impacting the stock negatively in the short term.