Why is Blue Star falling/rising?

As of 06-Aug, Blue Star Ltd. is experiencing a price increase, currently at Rs 1,788.95, reflecting a rise of Rs 38.45 or 2.2%. The stock has shown a positive performance today, outperforming its sector by 2.01%, and has been on a consecutive gain streak for the last three days, accumulating a total return of 5.42% during this period. The stock reached an intraday high of Rs 1,822.25, indicating strong trading activity. Additionally, the company has demonstrated healthy long-term growth, with an operating profit growth rate of 30.86% and a low debt-to-equity ratio of 0.07, contributing to its strong fundamentals and high profitability as indicated by a return on equity of 19. The stock's performance over the past year has also been robust, generating a return of 14.90% while profits increased by 40.3%.
In the broader market context, Blue Star's short-term return of +1.93% over the past week contrasts with the Sensex, which has declined by 1.15% during the same period. This indicates that Blue Star is performing well relative to the overall market. The stock's high institutional holdings at 39.58% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting its price movement. Despite a year-to-date decline of 15.91%, the stock's consistent returns over the last three years and its fair valuation compared to peers contribute to a positive outlook, reinforcing investor interest and participation in the stock.