Why is Gabriel India falling/rising?

As of 19-Sep, Gabriel India Ltd's stock price is currently at 1,285.55, reflecting an increase of 20.6 points or 1.63%. The stock has shown a positive trend today, having gained after two consecutive days of decline, and it outperformed its sector by 1.52%. It reached an intraday high of Rs 1320, which is 4.35% above its previous close, while also being only 3.57% away from its 52-week high of Rs 1331.5. Over the past week, the stock has risen by 5.37%, and it has delivered an impressive 170.07% return year-to-date, significantly outperforming the benchmark Sensex, which has only increased by 5.74%. The company benefits from strong long-term fundamentals, including a solid 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 15.6.
In the broader market context, Gabriel India's recent performance stands out as it has consistently outperformed the Sensex over various periods, including a remarkable 671.87% increase over the last three years compared to the benchmark's 39.71%. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. However, it is important to note that the company reported flat results in June, and while its profits have risen by 11.7% over the past year, the high PEG ratio of 6.4 suggests that the stock may be overvalued relative to its growth. Overall, the combination of strong institutional support and consistent returns has contributed to the stock's upward movement, despite some concerns regarding valuation and profit growth.