Why is Garden Reach Sh. falling/rising?

As of 23-Jun, Garden Reach Shipbuilders & Engineers Ltd is experiencing a price increase, currently at Rs. 3,492.35, which reflects a rise of Rs. 205.4 or 6.25%. The stock has recently hit a new 52-week and all-time high of Rs. 3,535, demonstrating strong performance with a 11.33% gain over the last two days. Additionally, the stock has outperformed its sector by 3.82% today and has shown impressive returns over various periods, including a 25.53% increase over the last month and a remarkable 115.89% year-to-date. The company's strong fundamentals, characterized by low debt and significant growth in net sales and profits, contribute positively to its stock performance.
In the broader market context, the stock's short-term performance significantly outpaces the benchmark, with a 13.81% increase over the past week compared to a mere 0.12% rise in the Sensex. This disparity highlights the stock's robust momentum in a relatively stable market environment. The rising investor participation, indicated by a 24.85% increase in delivery volume, further supports the stock's upward trajectory. However, it is worth noting that the stock is trading at a premium valuation, which could pose risks if market conditions shift. Overall, the combination of strong financial results, consistent returns, and positive market sentiment are driving the stock's rise.