Why is Gallantt Ispat L falling/rising?

As of 22-Sep, Gallantt Ispat Ltd. has experienced a price increase, currently trading at 670.60, reflecting a rise of 9.15 or 1.38%. Today's price summary indicates that the stock outperformed its sector by 1.75% and has shown a trend reversal, gaining after two consecutive days of decline. It opened with a significant gain of 6.4% and reached an intraday high of Rs 703.8. Despite this positive movement, there has been a notable decrease in investor participation, with delivery volume falling by 60.68% against the 5-day average. The stock has demonstrated strong performance over various time frames, including a 93.65% increase year-to-date and a remarkable 971.25% rise over the past three years. The company has also shown robust financial health, with a low Debt to EBITDA ratio and consistent positive results over the last three quarters, contributing to investor confidence.
In the broader market context, Gallantt Ispat Ltd.'s recent performance contrasts with the benchmark Sensex, which has seen a modest gain of 0.46% over the past week. While the stock has underperformed the benchmark in the short term with a 1.67% decline over the last week, its strong long-term growth and consistent returns have positioned it favorably against the broader market, as evidenced by its 70.42% return over the past year compared to the Sensex's decline of 2.82%. This divergence highlights the stock's resilience and potential for continued growth, despite recent fluctuations in trading volume and short-term performance.