Why is Gagan Gases falling/rising?

As of 10-Jun, Gagan Gases Ltd is experiencing a significant rise in its stock price, currently at Rs 23.49, reflecting an increase of Rs 2.24 or 10.54%. The stock has shown strong performance today, outperforming its sector by 12.31% and achieving a consecutive gain over the last three days with a total return of 14.59%. It opened with a notable gap up of 19.01% and reached an intraday high of Rs 25.29. Despite high volatility and a wide trading range, the stock is trading above its moving averages, indicating positive momentum. The company has also reported positive results for the last three consecutive quarters, with the highest quarterly PBDIT, PAT, and EPS figures, which may have contributed to the recent price increase. However, there are concerns regarding weak long-term fundamental strength and a low EBIT to Interest ratio, which could impact investor sentiment.
In the broader market context, Gagan Gases has outperformed the benchmark Sensex in the short term, with a 1-week return of 9.51% compared to the Sensex's 2.05%. Over the past month, the stock has returned 11.96%, while the Sensex has gained 3.70%. This relative outperformance may attract more investors, contributing to the stock's upward movement. However, the stock's year-to-date performance remains negative at -3.13%, contrasting with the Sensex's positive return of 5.44%, indicating that while the stock is currently rising, it has faced challenges earlier in the year.