Why is Bharat Electron falling/rising?

As of 10-Jul, Bharat Electronics Ltd is experiencing a decline in its stock price, currently at 413.50, which reflects a decrease of 4.3 or 1.03%. The stock has been losing value for the last two days, with a total drop of 2.03% during this period. Despite this short-term decline, the stock has shown positive performance over the past month, gaining 4.08%, and has significantly outperformed the benchmark Sensex over the year with a return of 23.91% compared to the Sensex's 4.09%. The company has demonstrated strong long-term fundamentals, including a solid average Return on Equity (ROE) of 22.22% and consistent growth in net sales and operating profit. However, the stock is currently trading at a premium valuation, which may contribute to the recent price decline.
In the broader market context, Bharat Electronics' short-term performance has been notably weaker than the Sensex, which has only seen a minor decline of 0.06% over the same one-week period. This indicates that while the stock has strong long-term fundamentals and institutional backing, its recent price movement may be influenced by market corrections or profit-taking among investors. The liquidity of the stock remains adequate, with a delivery volume increase of 14.22% against the five-day average, suggesting ongoing interest from investors despite the recent price drop.