Why is Gabriel India falling/rising?

As of 28-Aug, Gabriel India Ltd's stock price is currently at 1,135.75, reflecting an increase of 16.4 points or 1.47%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 1.6% today. Over the past week, the stock has experienced a decline of 5.33%, but it has performed well over the last month with a return of 15.38%. The stock's long-term fundamentals are strong, evidenced by a high average Return on Equity (ROE) of 20.70% and a healthy operating profit growth rate of 47.79%. Additionally, the company has a low Debt to Equity ratio and high institutional holdings, which have increased by 1.09% over the previous quarter, indicating confidence from more sophisticated investors. However, the stock's valuation appears expensive with a Price to Book Value of 13.8, and while it has generated significant returns over the past year, profit growth has been relatively modest at 11.7%.
In the broader market context, Gabriel India's short-term performance has been notably better than the benchmark Sensex, which has declined by 2.34% over the past week. The stock's year-to-date return of 138.60% significantly outpaces the Sensex's 2.48% gain, highlighting its strong performance relative to the market. This positive trend is supported by rising investor participation, as indicated by an increase in delivery volume. Despite some concerns regarding its high valuation and flat results in June, the overall sentiment remains bullish due to the company's strong fundamentals and consistent returns over the past three years, making it an attractive option for investors.