Why is Blue Star falling/rising?

As of 14-Jul, Blue Star Ltd. is experiencing a price increase, currently at Rs 1,836.50, reflecting a rise of Rs 36.75 or 2.04%. The stock has shown positive momentum, gaining 2.29% over the last two days and outperforming its sector by 1.04% today. It has also demonstrated strong performance over the past month with an 11.61% increase, while its year-to-date performance shows a decline of 13.68%. The company has maintained a healthy financial position, with low debt and strong long-term fundamentals, including a consistent operating profit growth rate of 30.86% and a return on equity of 16.74%. Additionally, the company has reported positive results for 17 consecutive quarters, contributing to investor confidence.
In the broader market context, Blue Star's recent performance contrasts with the Sensex, which has declined by 1.42% over the past week. While the stock has outperformed the benchmark in the short term, its year-to-date performance lags behind the Sensex's gain of 5.27%. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. High institutional holdings at 40.08% further support the stock's stability, as these investors typically possess better analytical capabilities regarding company fundamentals.