Why is Bharat Electron falling/rising?

As of 09-Jul, Bharat Electronics Ltd's stock price is currently at 417.80, reflecting a decrease of 4.25, or 1.01%. The stock's performance today is in line with the sector, but it is 4.34% away from its 52-week high of Rs 435.95. Over the past week, the stock has declined by 2.15%, while it has shown a positive return of 6.49% over the past month. Despite a strong long-term performance with a year-to-date increase of 42.57% and a remarkable 436.69% rise over the last three years, the recent drop may be attributed to a 19.32% decline in delivery volume compared to the five-day average, indicating falling investor participation. The company's strong fundamentals, including a consistent return on equity and positive quarterly results, suggest underlying strength, but the stock's high valuation relative to peers may be causing some investor caution.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Bharat Electronics' decline. While the stock has outperformed the benchmark over longer periods, the recent short-term performance indicates a divergence from the overall market trend. The high institutional holdings at 38.44% may provide some stability, but the stock's premium valuation and the recent drop in trading volume could be contributing to its current price movement.