Why is Gagan Gases falling/rising?

As of 14-Jul, Gagan Gases Ltd's stock price is rising, currently at Rs 23.65, reflecting an increase of Rs 1.65 or 7.5%. The stock has shown strong performance today, opening with a gain of 13.18% and reaching an intraday high of Rs 24.9. It has outperformed its sector by 6.69% today, and the trading volume indicates rising investor participation, with a 17.84% increase in delivery volume compared to the 5-day average. Over the past week, the stock has gained 11.61%, while it has also generated a return of 13.05% over the last year, outperforming the BSE500 index during the same period. The company has reported positive results for the last three consecutive quarters, which has likely contributed to the stock's upward momentum.
In the broader market context, Gagan Gases' short-term return of 11.61% over the past week contrasts sharply with the Sensex, which has declined by 1.42% during the same timeframe. This significant outperformance highlights the stock's strength relative to the broader market. However, it is important to note that while the stock has performed well recently, there are concerns regarding its long-term fundamental strength, including a weak growth rate in operating profits and a low return on equity. Despite these challenges, the stock's recent positive performance and favorable quarterly results have driven investor interest and contributed to its rising price.