Why is GE Vernova T&D falling/rising?

As of 23-Jul, GE Vernova T&D India Ltd's stock price is rising, currently at 2,504.95, reflecting an increase of 50.95 or 2.08%. The stock has recently reached a new 52-week and all-time high of Rs 2,525, outperforming its sector by 1.84%. Over the past three days, it has gained 5.98%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns, with a 73.35% increase over the past year and a staggering 2,275.49% rise over the last three years. The company's strong financial performance, including a low Debt to EBITDA ratio of 1.00 times and significant growth in net profit and operating profit, supports its upward movement. However, there is a noted decline in investor participation, with delivery volume falling by 31.39% against the five-day average.
In the broader market context, GE Vernova T&D's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.11% over the past week. This stark contrast highlights the stock's strong appeal among investors, particularly given its consistent returns over the last three years and high institutional holdings at 41.23%. While the stock is considered expensive with a Price to Book Value of 36.2, its low PEG ratio of 0.5 suggests that it is trading at a discount compared to peers, further attracting investor interest. Overall, the combination of strong financial results, positive market sentiment, and relative outperformance against the benchmark contributes to the stock's rising price.