Why is Gallantt Ispat L falling/rising?

As of 26-Aug, Gallantt Ispat Ltd. is experiencing a decline in its stock price, currently at Rs 602.35, which reflects a decrease of Rs 21.65 or 3.47%. Today's price summary indicates that the stock opened with a gain of 2.24%, reaching an intraday high of Rs 637.95, but subsequently fell to a low of Rs 601, suggesting volatility within the trading day. The stock has underperformed its sector by 1.7% today, and while it has shown impressive long-term growth with a year-to-date increase of 73.94%, it has faced a decline of 5.24% over the past month. Despite these fluctuations, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.10 times and consistent positive results over the last three quarters, which may support investor confidence in the long run.
In the broader market context, Gallantt Ispat's short-term performance has been weaker compared to the benchmark, with a 1-week decline of 2.85% against a 1.05% drop in the Sensex. This underperformance in the short term contrasts sharply with its remarkable long-term returns, where it has outperformed the BSE500 over the last three years. The stock's liquidity remains adequate for trading, and there has been a rise in investor participation, as indicated by an increase in delivery volume. However, the recent price drop may reflect market corrections or profit-taking after a strong rally, despite the company's solid growth metrics and ability to service debt effectively.