Why is G M Breweries falling/rising?

As of 28-Oct, G M Breweries Ltd is experiencing a price increase, currently at Rs 1,209.25, which reflects a rise of Rs 72.15 or 6.35%. The stock has shown strong performance today, outperforming its sector by 6.71%, with an intraday high of Rs 1,250.8, marking a 10% increase. Over the past week, the stock has gained 1.64%, and in the last month, it has surged by 71.09%. Additionally, the company reported positive financial results, with a significant growth in profit after tax and net sales, contributing to its favorable market position. The low debt-to-equity ratio further supports investor confidence, although there has been a slight decrease in delivery volume recently.
In the broader market context, G M Breweries has outperformed the Sensex, which has only increased by 0.24% over the past week. The stock's year-to-date return of 49.09% and its impressive long-term performance, including a 156.37% increase over three years, highlight its strong market position. Despite a recent decline in investor participation, the stock remains liquid enough for trading, indicating ongoing interest among investors. Overall, the combination of strong financial results and consistent outperformance relative to the benchmark has contributed to the stock's rising price.