Why is Blue Star falling/rising?

As of 03-Jul, Blue Star Ltd. is experiencing a price increase, currently at Rs 1,841.65, which reflects a rise of Rs 84.0 or 4.78%. The stock has shown strong performance today, outperforming its sector by 1.15% and achieving a consecutive gain over the last four days with a total return of 12.59%. Additionally, the stock reached an intraday high of Rs 1,848, marking a 5.14% increase. Over the past week, Blue Star has gained 10.69%, while its one-month return stands at 19.33%. The company has demonstrated robust fundamentals, including a low debt-to-equity ratio and consistent profitability, with a return on equity averaging 16.74%. Furthermore, it has declared positive results for the last 17 consecutive quarters, contributing to investor confidence and recent price movements.
In the broader market context, Blue Star's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 0.62% over the past week. The air conditioning sector, in which Blue Star operates, has also seen a gain of 3.72%, indicating a favorable environment for the company. The rising investor participation, evidenced by a 166.61% increase in delivery volume, suggests heightened interest in the stock, further supporting its upward trajectory. Overall, the combination of strong financial fundamentals, positive sector performance, and increased investor activity has contributed to the stock's recent rise.