Why is GE Vernova T&D falling/rising?

As of 22-Jul, GE Vernova T&D India Ltd's stock price is rising, currently at 2,454.00, reflecting an increase of 15.0 (0.62%). The stock has shown strong performance recently, gaining 3.83% over the last two days and outperforming its sector by 1.27%. It is also close to its 52-week high, just 1.83% away from Rs 2499. Over the past year, the stock has delivered impressive returns of 67.39%, significantly outpacing the benchmark Sensex, which has only increased by 2.09%. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.00 times and a remarkable growth in net profit of 181.32%, contribute positively to its stock performance. Furthermore, high institutional holdings at 41.23% indicate confidence from knowledgeable investors, which can bolster the stock's upward momentum.
In the broader market context, GE Vernova T&D's short-term return of +6.93% over the past week stands in stark contrast to the Sensex, which has declined by 0.47%. This divergence highlights the stock's resilience and attractiveness to investors amid a generally weaker market. The company's consistent performance over the last three years, along with its ability to generate substantial returns, positions it favorably compared to the broader market. However, it is worth noting that while the stock is trading at a discount compared to its peers, it has a high Price to Book Value of 35.4, indicating a potentially expensive valuation that could pose risks if market conditions change.