Why is Gallantt Ispat L falling/rising?

As of 24-Sep, Gallantt Ispat Ltd. is experiencing a slight decline in its stock price, currently at Rs 663.00, which reflects a decrease of Rs 1.5 or 0.23%. The stock has been losing value for the last two days, with a total drop of 0.93% during this period. Despite this recent downturn, the stock has shown strong performance over the past month, with a 7.95% increase, and an impressive year-to-date return of 91.45%. The company has demonstrated solid financial health, characterized by a low Debt to EBITDA ratio of 0.78 times and consistent growth in net sales and operating profit. Positive results over the last three quarters, including a 33.53% growth in PAT, further support the stock's long-term potential. However, a significant drop in investor participation, with delivery volume falling by 56.48% against the 5-day average, may be contributing to the recent price decline.
In the broader market context, Gallantt Ispat's short-term performance has been relatively better than the benchmark, with a 1-week return of -1.02% compared to the Sensex's -1.18%. This indicates that while the stock is facing some short-term challenges, it has outperformed the benchmark over longer periods, including a remarkable 968.49% increase over the last three years. The stock's liquidity remains adequate for trading, which may help stabilize its price in the face of recent declines. Overall, while the stock is currently experiencing a minor setback, its strong fundamentals and historical performance suggest a resilient outlook in the long run.