Why is Garden Reach Sh. falling/rising?

As of 09-Jul, Garden Reach Shipbuilders & Engineers Ltd is experiencing a price increase, currently at 2,978.90, with a change of 146.1, representing a rise of 5.16%. Today's price summary indicates that the stock has outperformed its sector by 4.43% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 2998.2, reflecting a gain of 5.84%. Over the past week, the stock has seen a slight increase of 0.18%, while its year-to-date performance is significantly strong at 84.15%. The company has demonstrated robust long-term fundamentals, with a low debt-to-equity ratio and a return on equity averaging 16.85%. Furthermore, the company reported a remarkable net profit growth of 148.75% in its latest results, contributing positively to investor sentiment.
In the broader market context, the stock's short-term performance has slightly outpaced the benchmark Sensex, which has increased by 0.15% over the same week. Despite a decline of 8.92% over the past month, the stock's impressive year-to-date return of 84.15% and consistent returns over the last three years indicate strong investor confidence. However, the stock is trading at a premium compared to its peers, with a high price-to-book value, which could pose risks if valuations adjust. Overall, the combination of strong fundamentals, recent positive performance, and rising investor participation has contributed to the stock's upward movement.