Why is GE Vernova T&D falling/rising?

As of 06-Aug, GE Vernova T&D India Ltd is experiencing a slight increase in its stock price, currently at Rs 2,819.00, reflecting a change of 0.5 (0.02%) upwards. The stock has shown strong performance recently, with a 1-week return of +8.25% and a 1-month return of +19.79%, significantly outperforming the Sensex, which has declined by -1.15% and -3.46% over the same periods, respectively. Today's price summary indicates that the stock is trading close to its 52-week high, just 3.38% away, and has been gaining for the last two days, with a total return of 1.62% during this period. Despite a decrease in investor participation, as evidenced by a -37.03% drop in delivery volume, the stock remains liquid enough for trading. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.00 times and a remarkable annual operating profit growth rate of 37.75%, contribute positively to its recent price movement.
In the broader market context, GE Vernova T&D's impressive performance stands in stark contrast to the benchmark, as it has consistently outperformed the BSE500 over the last three years, generating returns of 68.23% in the past year alone. The high institutional holdings at 41.25% suggest that knowledgeable investors are confident in the company's prospects, further supporting the stock's upward trajectory. However, the stock's valuation is considered very expensive, with a Price to Book Value of 40.7, which may pose risks if market conditions shift. Despite these concerns, the company's consistent positive results over the last nine quarters and a robust return on capital employed (ROCE) of 46.14% reinforce investor confidence, contributing to the stock's rising price.