Why is Blue Star falling/rising?

As of 22-Sep, Blue Star Ltd. is experiencing a price increase, currently at 1,993.45, reflecting a rise of 29.8 points or 1.52%. The stock has shown strong performance today, outperforming its sector by 2.39%, and has been on a consecutive gain streak for the last six days, accumulating a total return of 5.9% during this period. Additionally, Blue Star is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company also benefits from a low debt-to-equity ratio of 0.07, strong long-term growth with net sales increasing at an annual rate of 22.33%, and a return on equity averaging 16.74%, which signifies high profitability. Furthermore, 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 short-term return of 5.36% over the past week significantly outpaces the Sensex, which has only increased by 0.46% during the same period. While the stock has underperformed on a year-to-date basis with a decline of 6.30% compared to the Sensex's gain of 5.15%, its consistent returns over the last three years, including a 3.30% increase in the past year, indicate resilience and a potential for recovery. This combination of strong stock-specific factors and favorable comparisons to the broader market contributes to the positive momentum observed in Blue Star's stock price.