Why is Garden Reach Sh. falling/rising?

As of 02-Sep, Garden Reach Shipbuilders & Engineers Ltd is experiencing a price increase, currently at Rs 2,543.75, reflecting a rise of 57.2 points or 2.3%. The stock has shown a positive trend recently, gaining 8.82% over the last three days, although it underperformed its sector by 1.61% today. The stock's performance over the past week has been strong, with a return of 4.92%, while its year-to-date return stands at an impressive 57.25%. The company has demonstrated solid fundamentals, with a low debt-to-equity ratio and significant growth in net sales and operating profit. Institutional investor participation has also increased, indicating confidence in the company's long-term prospects.
In the broader market context, while the Sensex has declined by 0.78% over the past week, Garden Reach Shipbuilders has outperformed this benchmark significantly. The stock's consistent returns over the last three years, coupled with strong financial results, have contributed to its upward movement. However, it is important to note that the stock is trading at a premium compared to its peers, which may pose risks for potential investors. Despite this, the overall positive sentiment driven by institutional investment and strong financial performance supports the stock's rising price.