Why is G M Breweries falling/rising?

As of 23-Oct, G M Breweries Ltd is experiencing a price increase, currently at Rs 1,257.25, reflecting a rise of Rs 67.5 or 5.67%. The stock has shown strong performance recently, with a new 52-week high of Rs 1,287.1 reached today. Over the past week, it has gained 15.38%, and its year-to-date return stands at 55.01%. Positive financial results, including a 30.34% growth in PAT and a 56.3% increase in PBT, have contributed to this upward momentum. However, there are signs of declining investor participation, as delivery volume has decreased significantly, which could be a concern for future price stability.
Broader market context indicates that G M Breweries has outperformed the benchmark, with a 15.38% return over the past week compared to the Sensex's 1.30% increase. This trend of outperformance is consistent over longer periods, as evidenced by the stock's 59.96% return over the past year versus the Sensex's 5.59%. The company's low debt-to-equity ratio and strong sales figures further bolster investor confidence, suggesting that the stock's recent rise is supported by solid fundamentals despite the noted drop in trading volume.