Why is GE Vernova T&D falling/rising?

As of 03-Sep, GE Vernova T&D India Ltd's stock price is rising, currently at Rs 2,821.20, reflecting an increase of 63.3 points or 2.3%. The stock has shown strong performance today, outperforming its sector by 1.6% and reaching an intraday high of Rs 2,849.55. Over the past week, the stock has increased by 5.27%, while its year-to-date return stands at an impressive 36.29%. The company has demonstrated consistent positive results, with a net profit growth of 116.44% and a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.00 times. However, there is a noted decline in investor participation, with delivery volume falling by 25.57% against the 5-day average.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.27% over the past week, GE Vernova T&D's performance has been notably stronger. The stock's ability to maintain a positive trajectory despite broader market challenges highlights its resilience and strong fundamentals, as evidenced by consistent returns over the last three years and high institutional holdings at 41.25%. While the stock is trading at a premium valuation with a Price to Book Value of 40.6, its strong growth metrics and positive earnings reports suggest that investor confidence remains high, contributing to its rising price.