Why is GE Vernova T&D falling/rising?

As of 31-Jul, GE Vernova T&D India Ltd's stock price is rising, currently at 2,734.45, reflecting an increase of 130.2 or 5.0%. The stock has recently hit a new 52-week and all-time high today, and it has outperformed its sector by 5.12%. Over the past three days, the stock has gained 14.32%, and it opened with a 5% gain today. It is also trading above its moving averages across various time frames, indicating strong momentum. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio and impressive growth in operating profit and net profit, which have contributed to its strong buy sentiment among investors.
In the broader market context, GE Vernova T&D's short-term performance contrasts sharply with the Sensex, which has declined by 1.22% over the past week. The stock has outperformed the benchmark significantly, with a 1-month return of 16.21% compared to the Sensex's -3.00%. This consistent outperformance over various periods, including a remarkable 2287.12% increase over the past three years, highlights the company's strong fundamentals and investor confidence, despite some concerns regarding its high valuation metrics.