Why is Gallantt Ispat L falling/rising?

As of 20-Jun, Gallantt Ispat Ltd. is experiencing a rise in its stock price, currently at Rs. 503.30, reflecting an increase of Rs. 23.3 or 4.85%. The stock has recently hit a new 52-week and all-time high of Rs. 510, indicating strong upward momentum. Over the past three days, it has gained 13.1%, outperforming its sector by 3.81%. Additionally, the stock has shown impressive returns over various periods, including a 45.34% increase year-to-date and a staggering 648.40% rise over the past three years. The company's strong financial health, evidenced by a low Debt to EBITDA ratio of 1.10 times and robust growth in net sales and operating profit, further supports its positive price movement.
In the broader market context, Gallantt Ispat Ltd. has significantly outperformed the Sensex, which has only risen by 1.59% over the past week compared to the stock's 11.19% increase. This trend of outperformance is consistent across multiple time frames, showcasing the stock's ability to generate substantial returns relative to the benchmark. The rising investor participation, with a notable increase in delivery volume, also indicates growing confidence among investors, contributing to the stock's upward trajectory. Overall, the combination of strong financial performance and favorable market conditions has propelled Gallantt Ispat Ltd.'s stock price higher.