Why is Blue Star falling/rising?

As of 07-Aug, Blue Star Ltd. is experiencing a price increase, currently at 1,825.90, reflecting a rise of 36.95 or 2.07%. The stock has shown a strong performance today, outperforming its sector by 0.89% and achieving a consecutive gain over the last four days, with a total return of 7.6% during this period. Despite opening with a loss of 3.56%, the stock reached an intraday high of Rs 1,838, indicating positive momentum. Over the past week, Blue Star has outperformed the Sensex, gaining 5.10% compared to the benchmark's decline of 0.69%. The company benefits from low debt levels and strong long-term fundamentals, evidenced by a healthy operating profit growth rate of 30.86% and a low Debt to Equity ratio of 0.07 times, contributing to its recent upward movement.
In the broader market context, while Blue Star has shown positive short-term returns, the overall market has been less favorable, with the Sensex declining by 0.69% in the same period. The stock's performance is further supported by high institutional holdings at 39.58%, which suggests confidence from knowledgeable investors. Additionally, Blue Star has consistently generated returns, outperforming the BSE500 over the last three years, and has maintained a fair valuation with a Price to Book Value of 12.2. This combination of strong fundamentals and recent positive trading activity has contributed to the stock's rising price.