Why is Gabriel India falling/rising?

As of 26-Jun, Gabriel India Ltd's stock price is rising, currently at 659.00, reflecting an increase of 22.1 or 3.47%. The stock has shown strong performance, gaining 11.16% over the past week and 38.45% year-to-date, significantly outperforming the Sensex, which has only increased by 2.94% and 7.19% in the same periods, respectively. The stock is also close to its 52-week high, just 4.7% away, and has experienced a consecutive gain over the last three days, with a notable rise of 11.37% during this period. Positive factors contributing to this upward movement include a low debt-to-equity ratio, consistent positive results over the last eight quarters, and increased participation from institutional investors, who now hold nearly 20% of the company.
In the broader market context, Gabriel India's strong short-term performance stands in stark contrast to the benchmark, as it has outperformed the Sensex significantly over various time frames. While the stock has generated a return of 36.02% over the past year, the Sensex has only increased by 6.46%. However, there are concerns regarding the company's long-term growth potential, as net sales have only grown at an annual rate of 14.27% over the last five years, and the stock is considered expensive relative to its peers. Despite these risks, the recent surge in stock price can be attributed to positive investor sentiment and strong institutional backing, which have bolstered confidence in the company's performance.