Why is Garden Reach Sh. falling/rising?

As of 15-Jul, Garden Reach Shipbuilders & Engineers Ltd is experiencing a price increase, currently at 2,674.30, reflecting a rise of 6.65 (0.25%). Today's price summary indicates that the stock has outperformed its sector by 0.49% and has gained after three consecutive days of decline, reaching an intraday high of Rs 2,745. The stock's performance over the past week shows a decline of 5.60%, while it has significantly outperformed the benchmark Sensex over the year with a return of 6.80%. The company has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and impressive growth in net sales and operating profit, which supports its recent price movement. However, the stock is considered expensive with a high Price to Book Value ratio, which may temper some investor enthusiasm.
In the broader market context, the stock's short-term performance has been weaker compared to the benchmark, which has declined by only 1.36% over the past week. Despite this, the stock has shown remarkable growth year-to-date, outperforming the Sensex by a significant margin of 59.65%. The rising investor participation, indicated by a 34.04% increase in delivery volume, suggests a growing interest in the stock, which may contribute to its upward price movement. Overall, while the stock faces valuation concerns, its strong fundamentals and recent positive performance relative to its sector provide a favorable outlook amidst a challenging market environment.