Why is GE Vernova T&D falling/rising?

As of 29-Jul, GE Vernova T&D India Ltd's stock price is rising, currently at Rs 2,472.50, reflecting an increase of Rs 80.5 or 3.37%. The stock has shown a positive trend today, having outperformed its sector by 1.65% and gaining after two consecutive days of decline. It is also close to its 52-week high, being only 3.95% away from Rs 2,570.2. Over the past week, the stock has increased by 0.75%, and it has delivered a remarkable 57.08% return over the last year, significantly outperforming the BSE500 index. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 1.00 times and impressive growth metrics, including a 116.44% increase in net profit and consistent positive results over the last nine quarters.
In the broader market context, while the stock has performed well, the benchmark Sensex has declined by 1.03% over the past week, highlighting the stock's relative strength. The company's high institutional holdings at 41.25% suggest confidence from knowledgeable investors, further supporting its upward movement. However, there are concerns regarding its valuation, as indicated by a high Price to Book Value of 34.5, which may pose risks if market conditions change. Despite these risks, the stock's consistent returns and strong operational performance contribute to its rising price, making it an attractive option for investors.