Why is Gallantt Ispat L falling/rising?

As of 25-Aug, Gallantt Ispat Ltd. is experiencing a price increase, currently at Rs 624.00, reflecting a rise of 9.85 or 1.6%. Today's price summary indicates that the stock has outperformed its sector by 1.3% and has gained after two consecutive days of decline, reaching an intraday high of Rs 642.1, which is a 4.55% increase. Despite this positive movement, the stock has shown a negative return of -2.50% over the past week and -1.83% over the past month. However, it has demonstrated strong long-term performance, with an impressive 80.19% increase year-to-date and a staggering 877.29% increase over the past three years. The company has a solid financial standing, characterized by a low Debt to EBITDA ratio of 1.10 times and consistent growth in net sales and operating profit, which supports its recent price movement.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has gained 0.45% over the past week and 0.21% over the past month. Despite this, Gallantt Ispat Ltd. has consistently outperformed the BSE500 over the last three years, generating significant returns. The recent decline in investor participation, with a notable drop in delivery volume, may pose a concern for future price stability. Nevertheless, the company's positive quarterly results and healthy growth metrics contribute to a favorable outlook, suggesting that the recent price increase may be a response to its strong fundamentals despite the short-term market challenges.