Why is GE Vernova T&D falling/rising?

As of 05-Aug, GE Vernova T&D India Ltd's stock price is rising, currently at Rs 2,818.00, reflecting an increase of 43.9 points or 1.58%. The stock has shown strong performance, with a 1-week return of +13.97% and a 1-month return of +19.75%, significantly outperforming the Sensex, which has declined by 0.77% and 3.26% respectively over the same periods. Today's trading activity indicates that the stock is close to its 52-week high, just 3.41% away, and it has outperformed its sector by 1.08%. Additionally, the stock is trading above all key moving averages, and investor participation has surged, with delivery volume increasing by 208.83% compared to the 5-day average. The company's strong fundamentals, including a low Debt to EBITDA ratio and impressive growth in net profit, further support the positive price movement.
In the broader market context, GE Vernova T&D's strong short-term returns contrast sharply with the Sensex's negative performance, highlighting the stock's resilience and attractiveness to investors. The company has consistently delivered positive results over the past nine quarters, with significant growth metrics such as a 37.75% annual increase in operating profit and a remarkable 116.44% rise in net profit. Although the stock is considered expensive with a high Price to Book Value ratio, it trades at a discount compared to its peers, indicating potential for further appreciation. The high institutional ownership at 41.25% suggests confidence from knowledgeable investors, which may also contribute to the stock's upward trajectory.