Why is Gabriel India falling/rising?

As of 09-Sep, Gabriel India Ltd's stock price is currently at 1,258.15, reflecting an increase of 36.5 points, or 2.99%. The stock has been gaining for the last two days, with a total return of 3.82% during this period. It is also trading close to its 52-week high, just 2.29% away from Rs 1287. Despite a recent drop in investor participation, with delivery volume falling by 63.2% against the 5-day average, the stock has shown strong performance over the past month, with a return of 24.65%. The company's fundamentals are robust, highlighted by a strong long-term average Return on Equity (ROE) of 20.70% and a healthy operating profit growth rate of 47.79%. Additionally, high institutional holdings at 21% indicate confidence from more sophisticated investors, further supporting the stock's upward movement.
In the broader market context, Gabriel India's short-term performance has been somewhat mixed when compared to the benchmark, as the stock has declined by 1.10% over the past week while the Sensex has increased by 1.18%. However, over a longer timeframe, Gabriel India has significantly outperformed the benchmark, with a year-to-date return of 164.32% compared to the Sensex's 3.79%. This strong performance over the years, coupled with consistent returns and a favorable rating among peers, suggests that the stock's recent rise is driven by its solid fundamentals and investor confidence, despite some short-term volatility in trading volume.