Why is Gabriel India falling/rising?

As of 01-Jul, Gabriel India Ltd's stock price is rising, currently at Rs 842.90, reflecting an increase of Rs 140.45 or 19.99%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 19.93%. It has shown a remarkable performance over the last six days, gaining 42.45%, and has opened with a significant gap up of 19.99%. Over the past week, the stock has surged by 39.69%, and year-to-date, it has increased by 77.08%. The company has consistently reported positive results for the last eight quarters, with net sales and operating profit reaching their highest levels. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals, despite concerns about its relatively high valuation and slower long-term growth.
In the broader market context, Gabriel India's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 2.00% over the past week. This stark contrast highlights the stock's strong momentum and investor interest, particularly in light of its consistent returns over the last three years, where it has outperformed the BSE500. While the stock's recent gains are impressive, potential risks remain, such as its high price-to-earnings ratio and slower growth in net sales, which could temper future performance if not addressed.