Why is Gallantt Ispat L falling/rising?

As of 10-Jul, Gallantt Ispat Ltd. is experiencing a significant rise in its stock price, currently at Rs. 590.00, reflecting an increase of Rs. 39.95 or 7.26%. The stock has recently hit a new 52-week and all-time high of Rs. 609.55, demonstrating strong performance with a 9.73% gain over the last three days. Additionally, the stock has outperformed its sector by 6.46% today. Over the past month, Gallantt Ispat has shown impressive returns of 28.74%, and year-to-date, it has surged by 70.37%. The company's strong financial health is underscored by a low Debt to EBITDA ratio of 1.10 times and robust growth in net sales and operating profit, which have contributed to its recent upward momentum.
In the broader market context, Gallantt Ispat's short-term performance stands in stark contrast to the benchmark Sensex, which has seen a negligible change of -0.06% over the past week. This indicates that the stock is not only performing well in isolation but is also gaining traction relative to the market. The company's ability to generate substantial returns over the long term, including a remarkable 735.69% increase over the past three years, further solidifies its position as a strong performer in the market. Despite a recent decline in investor participation, the stock remains liquid enough for trading, suggesting continued interest from investors.