Why is Blue Star falling/rising?

As of 17-Jul, Blue Star Ltd. is experiencing a price increase, currently at Rs 1,881.00, reflecting a rise of Rs 20.45 or 1.1%. The stock has shown strong performance recently, with a 4.76% increase over the past week and a notable 12.74% rise over the last month, significantly outperforming the Sensex, which has declined by 1.12% in the same week. Today's trading saw the stock reach an intraday high of Rs 1,922.8, indicating positive momentum. However, there is a concerning trend in investor participation, as delivery volume has decreased by 57.62% compared to the five-day average. Despite this, the company maintains a low debt profile and strong long-term fundamentals, with consistent positive results over the last 17 quarters, which supports its upward price movement.
In the broader market context, Blue Star's recent performance contrasts sharply with the Sensex, which has only gained 0.83% over the past month. The stock's ability to generate a return on equity of 16.74% and its high institutional holdings at 40.08% suggest that it is viewed favorably by more knowledgeable investors. Additionally, the company has demonstrated healthy growth in operating profit and cash reserves, further solidifying its position in the market. Overall, while the stock is currently rising, the decline in delivery volume may warrant caution among investors.