Why is Gallantt Ispat L falling/rising?

As of 28-Jul, Gallantt Ispat Ltd. is experiencing a price increase, with its current price at Rs. 665.00, reflecting a rise of Rs. 29.35 or 4.62%. The stock has recently hit a new 52-week and all-time high of Rs. 684, demonstrating strong performance today by outperforming its sector by 5.72%. It opened with a gain of 4.99% and reached an intraday high of Rs. 684, indicating robust investor interest. The stock has shown impressive returns over various periods, including a 26.31% increase over the past month and a staggering 823.61% over the last three years. Additionally, the company has a low Debt to EBITDA ratio of 1.10 times, strong net sales growth of 37.77%, and a significant increase in profit after tax, contributing to positive sentiment around the stock.
In the broader market context, Gallantt Ispat Ltd. has outperformed the benchmark Sensex, which has declined by 1.59% over the past week, while the stock itself has risen by 4.77%. This trend continues over the past month, where the stock gained 26.31% compared to the Sensex's drop of 3.77%. Despite a recent decline in investor participation, with delivery volume falling by 40.53%, the stock's liquidity remains adequate for trading. Overall, the combination of strong financial performance, consistent returns, and favorable market conditions has contributed to the stock's upward movement.