Why is Gallantt Ispat L falling/rising?

As of 10-Nov, Gallantt Ispat Ltd. is experiencing a significant rise in its stock price, currently at 660.20, reflecting an increase of 106.25 or 19.18%. The stock has shown strong performance today, outperforming its sector by 18.66% and achieving a consecutive gain over the last two days with a total return of 26.39%. It reached an intraday high of Rs 664.7 and has been trading above its moving averages across various time frames. Additionally, the stock has demonstrated robust returns over longer periods, with a remarkable 105.03% increase in the past year and a staggering 932.37% rise over the last three years. The company's strong fundamentals, including a low Debt to EBITDA ratio and impressive growth rates in net sales and operating profit, further support the stock's upward movement.
In the broader market context, Gallantt Ispat's short-term performance stands in stark contrast to the benchmark, as it has gained 18.40% over the past week while the Sensex has declined by 0.53%. This divergence highlights the stock's strong relative strength and investor interest, particularly as delivery volumes have increased. The company's consistent returns and ability to service debt effectively contribute to a positive outlook, reinforcing investor confidence and driving demand for the stock amidst a generally subdued market environment.