Why is Gabriel India falling/rising?

As of 03-Sep, Gabriel India Ltd's stock price is currently at 1,224.80, reflecting a decrease of 47.3 points or 3.72%. Today's price summary indicates that the stock has underperformed its sector by 3.31%, and it has experienced a trend reversal after four consecutive days of gains. The stock touched an intraday low of Rs 1216, marking a decline of 4.41%. Despite this drop, Gabriel India has shown strong performance over the past week and month, with returns of 9.42% and 22.08%, respectively. The company benefits from strong long-term fundamentals, including a healthy average return on equity of 20.70% and a low debt-to-equity ratio, which supports its valuation despite being considered expensive with a price-to-book value of 14.9.
Broader market context shows that while Gabriel India has outperformed the Sensex significantly over various periods, including a year-to-date return of 157.31% compared to the Sensex's 3.11%, the recent decline may be attributed to falling investor participation, as evidenced by a slight decrease in delivery volume. The stock's liquidity remains adequate for trading, but the recent price drop could reflect market corrections after a strong upward trend. Overall, while the stock has demonstrated robust long-term growth and institutional support, the current price movement suggests a reaction to short-term market dynamics and potential profit-taking by investors.