Why is Garden Reach Sh. falling/rising?

As of 01-Sep, Garden Reach Shipbuilders & Engineers Ltd is experiencing a price increase, currently at Rs 2,486.55, which reflects a rise of Rs 132.5 or 5.63%. The stock has shown a positive trend recently, gaining 6.37% over the last two days and outperforming its sector by 1.52%. Despite a slight decline of 1.27% over the past week and 3.65% over the past month, the stock has demonstrated impressive year-to-date growth of 53.71% and a remarkable 695.57% increase over the last three years. The company's strong fundamentals, including a low debt-to-equity ratio and significant growth in net sales and operating profit, contribute positively to its recent performance. Additionally, the increase in institutional investor participation, which has risen by 1.41% in the last quarter, indicates growing confidence in the company's long-term prospects.
In the broader market context, the stock's performance over the past week and month has been better than the benchmark Sensex, which has declined by 1.56% and 0.29%, respectively. This relative strength suggests that Garden Reach Shipbuilders is maintaining investor interest despite broader market challenges. The shipbuilding sector itself has gained by 4.14%, further supporting the stock's upward movement. However, the stock's high valuation, indicated by a Price to Book Value of 13.7, may pose risks if market conditions shift. Overall, the combination of strong fundamentals, positive institutional interest, and sector performance has contributed to the stock's rising price.