Why is Gabriel India falling/rising?

As of 30-Jul, Gabriel India Ltd's stock price is rising, currently at 1,040.35, reflecting an increase of 16.1 points or 1.57%. The stock has been gaining momentum, having outperformed its sector by 1.7% today and achieving a consecutive gain over the last two days with a total return of 5.69%. It reached an intraday high of Rs 1054.85, indicating strong investor interest. The stock has shown impressive performance over various periods, with a 48.10% increase over the last month and a remarkable 118.56% rise year-to-date. Positive factors contributing to this upward movement include strong long-term fundamentals, as evidenced by an average Return on Equity (ROE) of 20.70% and significant growth in operating profit. Additionally, high institutional holdings at 21% suggest confidence from knowledgeable investors, further bolstering the stock's appeal.
In the broader market context, Gabriel India's short-term performance stands in stark contrast to the benchmark, as it has gained 3.21% over the past week while the Sensex has declined by 1.50%. This divergence highlights the stock's resilience and attractiveness relative to the overall market. Despite some risks, such as flat results in June and a relatively high Price to Book Value ratio, the stock's consistent returns over the past three years and strong institutional support indicate a positive outlook that has likely contributed to its recent price increase.