Why is Gandhi Spl. Tube falling/rising?

As of 19-Aug, Gandhi Special Tubes Ltd is experiencing a price increase, currently at Rs 779.00, reflecting a rise of 15.8 points or 2.07%. The stock has shown a positive trend today, outperforming its sector by 1.36% and achieving a consecutive gain over the last three days with a total return of 2.69%. Despite opening lower with a loss of 2.91%, the stock reached an intraday high of Rs 800, indicating strong intraday volatility. Over the past week, the stock has increased by 1.65%, while it has performed significantly better over the last month with a gain of 6.79%, contrasting with the Sensex, which has seen a slight decline of 0.14%. The company also boasts a low debt-to-equity ratio and healthy long-term growth, with operating profit growing at an annual rate of 35.50%, which supports the positive sentiment around the stock.
Broader market context shows that while Gandhi Special Tubes Ltd has had a mixed performance year-to-date with a decline of 1.13%, it has significantly outperformed the Sensex over the past three years and five years, with returns of 91.52% and 269.11%, respectively. This long-term performance may contribute to investor confidence despite recent fluctuations. However, it is noteworthy that there has been a decline in investor participation, as evidenced by a 50.97% drop in delivery volume compared to the five-day average, which could indicate caution among investors. Overall, the stock's recent rise can be attributed to its strong operational performance and positive market sentiment, despite some short-term volatility and reduced trading activity.