Why is BHEL falling/rising?

As of 11-Nov, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a price increase, currently at Rs. 285.50, reflecting a rise of Rs. 12.3 or 4.5%. The stock has recently hit a new 52-week high of Rs. 287.9 and has shown strong performance, gaining 9.83% over the last three days. Additionally, BHEL has outperformed its sector by 2.74% today and is trading above all key moving averages. The stock has demonstrated impressive returns, with a 19.36% increase over the past year and a remarkable 283.74% rise over the last three years. Positive factors contributing to this upward movement include healthy long-term growth in net sales and operating profit, as well as high institutional holdings, which suggest confidence from knowledgeable investors.
In the broader market context, BHEL's short-term return of 6.85% over the past week significantly outpaces the Sensex's return of only 0.49% during the same period. This strong performance relative to the benchmark indicates robust investor sentiment towards BHEL, further supported by rising investor participation, as evidenced by a 38.92% increase in delivery volume. Overall, the combination of consistent returns, institutional confidence, and positive market dynamics has contributed to the stock's upward trajectory.