Why is Garden Reach Sh. falling/rising?

As of 18-Sep, Garden Reach Shipbuilders & Engineers Ltd is experiencing a price increase, currently at 2,626.70, reflecting a rise of 22.65 (0.87%). The stock has shown strong performance recently, gaining 7.7% over the last two days and achieving an intraday high of Rs 2727.5, which is a 4.74% increase. The stock's performance over the past week has been impressive, with a return of +11.44%, although it has seen a slight decline of -1.71% over the past month. Positive factors contributing to this upward movement include the company's low debt levels, strong long-term growth in net sales and operating profit, and an increase in institutional investor participation, which has risen by 1.41% in the last quarter. Additionally, the company has reported significant growth in profit after tax and net sales in the latest six months, reinforcing its strong fundamentals.
In the broader market context, the stock's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 1.80% over the past week. This stark contrast highlights the stock's strong appeal among investors, particularly given its consistent returns over the past three years, where it has outperformed the BSE500. However, it is worth noting that the stock is trading at a premium compared to its peers, which could pose a risk if valuations adjust. Despite this, the overall positive sentiment driven by strong fundamentals and increasing institutional interest appears to be supporting the stock's upward trajectory.