Why is Blue Star falling/rising?

As of 14-Aug, Blue Star Ltd. is experiencing a price increase, with its current price at 1,781.95, reflecting a rise of 29.45 or 1.68%. The stock has shown positive momentum, gaining for the last two days with a total return of 2.15% during this period. It reached an intraday high of Rs 1800, indicating strong performance today. Despite this, the stock has underperformed in the short term, with a 2.41% decline over the past week and a 2.97% drop over the past month. However, the company maintains strong long-term fundamentals, evidenced by a low debt-to-equity ratio of 0.07 and a healthy annual growth rate in net sales of 22.33%. High institutional holdings at 39.58% suggest confidence from knowledgeable investors, contributing to the stock's recent upward movement.
In the broader market context, Blue Star's recent performance contrasts with the Sensex, which has remained relatively flat, showing only a 0.03% decline over the past week. While the stock has outperformed the sector by 1% today, its year-to-date performance remains concerning, with a significant 16.24% decline compared to the Sensex's 3.15% increase. This divergence highlights the challenges Blue Star faces in the current market environment, despite its strong fundamentals and consistent returns over the last three years.