Why is GE Vernova T&D falling/rising?

As of 05-Sep, GE Vernova T&D India Ltd's stock price is currently at 2,750.75, reflecting an increase of 38.4 points or 1.42%. Today's performance indicates that the stock has outperformed its sector by 2.03%, reaching an intraday high of Rs 2786.5, which is a 2.73% increase. Despite a recent decline in delivery volume by 39.95% against the 5-day average, the stock remains liquid enough for trading. Over the past year, the stock has generated a remarkable return of 68.76%, significantly outperforming the BSE500 index in each of the last three annual periods. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.00 times, consistent positive results over the last nine quarters, and high institutional holdings at 41.25%, contribute positively to its recent price movement.
In the broader market context, while GE Vernova T&D has shown a year-to-date return of 32.89%, it has underperformed the Sensex in the short term, with a 1-week return of -1.03% compared to the benchmark's +1.13%. This suggests that despite the stock's strong long-term performance, it is currently facing some short-term headwinds. The stock's high valuation, indicated by a Price to Book Value of 39.7, may also be a concern for some investors, even as its PEG ratio of 0.6 suggests it is trading at a discount compared to peers. Overall, the combination of strong operational performance and a solid growth outlook supports the stock's upward movement, despite some recent volatility in trading activity.