Why is Gabriel India falling/rising?

As of 17-Sep, Gabriel India Ltd's stock price is currently at 1,311.00, reflecting a decrease of 5.75, or 0.44%. The stock has recently underperformed its sector by 0.4%, and this decline follows two consecutive days of gains. Despite this drop, Gabriel India has shown strong performance over the past week, with a return of 3.92%, and an impressive year-to-date return of 175.42%. The stock is trading above all its moving averages, indicating a generally positive trend, but a slight decline in investor participation, with delivery volume down by 1.6% against the 5-day average, may be contributing to the current price movement. The company boasts strong fundamentals, including a high average return on equity of 20.70% and a low debt-to-equity ratio, which supports its long-term growth potential. However, its valuation appears expensive with a Price to Book Value of 15.9, and while it has generated significant returns, profit growth has been relatively modest at 11.7%, leading to a high PEG ratio of 6.5.
In the broader market context, Gabriel India's short-term performance of 3.92% over the past week significantly outpaces the Sensex's return of 1.56% during the same period, indicating that the stock has been performing well relative to the market. However, the recent price decline may reflect a market correction after a period of strong gains, as well as concerns regarding its valuation metrics. Despite the stock's strong historical performance, including a remarkable 715.81% increase over the past three years, the current price movement suggests that investors may be reassessing the stock's value in light of its recent profit growth and overall market conditions.