Why is Gabriel India falling/rising?

As of 31-Jul, Gabriel India Ltd's stock price is currently at 1,030.70, reflecting a decrease of 9.65 points or 0.93%. The stock has experienced a trend reversal, falling after two consecutive days of gains, and opened the day with a significant loss of 7.71%, reaching an intraday low of Rs 960.1. Despite this decline, the stock has shown strong performance over the past month, with a return of 22.28%, and an impressive year-to-date increase of 116.53%. Gabriel India has a solid long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 20.70% and a low Debt to Equity ratio. However, the stock's valuation appears expensive with a Price to Book Value of 12.5, and while it has generated substantial returns over the past year, profit growth has been modest at 11.7%, leading to a high PEG ratio of 5.1.
In the broader market context, Gabriel India's recent performance contrasts sharply with the Sensex, which has declined by 3.00% over the past month. The stock's short-term return of 22.28% significantly outperforms the benchmark's negative return, indicating strong relative strength. Additionally, rising investor participation, as evidenced by a 246.23% increase in delivery volume, suggests continued interest in the stock despite the recent price drop. The presence of high institutional holdings at 21% further supports the stock's potential, as these investors typically have greater resources to analyze company fundamentals. Overall, while the stock is currently facing downward pressure, its long-term growth prospects and recent performance relative to the benchmark remain positive.