Why is Gabriel India falling/rising?

As of 30-Jun, Gabriel India Ltd's stock price is rising, currently at Rs 702.45, reflecting an increase of Rs 31.8 or 4.74%. The stock has recently hit a new 52-week and all-time high of Rs 706.5, indicating strong upward momentum. Over the past week, it has outperformed the sector by 3.53% and has gained 18.72% in that period. The company has shown consistent positive performance, with net sales and operating profit reaching their highest levels in the last quarter. Additionally, institutional investors have increased their stake, which suggests growing confidence in the company's fundamentals. However, there are concerns regarding its long-term growth potential, as net sales have only grown at an annual rate of 14.27% over the past five years, and the stock is trading at a premium compared to its peers.
In the broader market context, Gabriel India's short-term performance significantly outpaces the benchmark, with a 1-week return of 18.72% compared to the Sensex's 2.09%. This strong performance relative to the market indicates that investor sentiment towards Gabriel India is particularly positive at this time. Despite a decrease in delivery volume, which fell by 36.26% against the 5-day average, the stock remains liquid enough for trading, suggesting that the recent price increase is supported by sufficient market activity. Overall, the combination of strong recent financial results, increased institutional interest, and significant outperformance relative to the benchmark contributes to the stock's rising price.