Why is Gabriel India falling/rising?

As of 16-Sep, Gabriel India Ltd's stock price is rising, currently at 1,316.75, reflecting an increase of 19.75 or 1.52%. The stock has recently hit a new 52-week high of Rs. 1331.5 and has been gaining for the last two days, with a total return of 7.62% during this period. It has outperformed its sector by 0.26% today and is trading above all key moving averages, indicating strong upward momentum. The stock's performance over the past month shows a remarkable increase of 22.40%, while year-to-date returns stand at an impressive 176.63%. Positive factors contributing to this rise include strong long-term fundamentals, a high return on equity of 20.70%, and a low debt-to-equity ratio, alongside increased institutional holdings which suggest confidence from larger investors.
In the broader market context, Gabriel India's short-term performance of +4.66% over the past week significantly outpaces the Sensex's gain of +1.58%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The company's consistent returns over the last three years and its ranking among the top 1% of companies by MarketsMojo further bolster investor confidence. However, it is important to note that the stock is considered very expensive based on its valuation metrics, which could pose risks if market conditions change. Despite this, the current positive sentiment and strong fundamentals appear to be driving the stock's upward movement.