Why is GE Vernova T&D falling/rising?

As of 08-Aug, GE Vernova T&D India Ltd's stock price is currently at Rs 2,804.90, reflecting an increase of Rs 34.7 or 1.25%. The stock has shown resilience by gaining after two consecutive days of decline, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has risen by 17.66%, significantly outperforming the Sensex, which has declined by 4.60%. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 1.00 times and impressive growth in net profit of 116.44%, contributing to its positive performance. However, there is a noted decline in investor participation, with delivery volume falling by 27.5% against the 5-day average.
In the broader market context, GE Vernova T&D's short-term performance contrasts sharply with the benchmark, as it has outperformed the Sensex by a considerable margin over the past week, where the stock fell by 2.30% compared to the Sensex's decline of 0.92%. This strong performance is supported by high institutional holdings of 41.25%, indicating confidence from sophisticated investors. Despite the stock's high valuation metrics, such as a Price to Book Value of 40.5, its consistent returns over the last three years and positive quarterly results suggest a robust growth trajectory, which may continue to attract investors despite the risks associated with its valuation.