Why is Garden Reach Sh. falling/rising?

As of 23-Sep, Garden Reach Shipbuilders & Engineers Ltd is experiencing a price increase, currently at 2,680.50, with a change of 13.5 (0.51%) upward. The stock has shown strong performance, gaining 2.93% over the last two days and outperforming its sector by 2.07%. Over the past week, it has increased by 9.91%, while year-to-date, it has risen significantly by 65.70%. The company benefits from a low debt-to-equity ratio and strong long-term fundamentals, with net sales growing at an annual rate of 31.34% and operating profit at 83.95%. Additionally, institutional investors have increased their stake, indicating confidence in the company's future performance.
In the broader market context, while the Sensex has seen a slight decline of 0.34% over the past week, Garden Reach has managed to outperform this benchmark significantly. The stock's consistent returns over the last three years, including a 48.88% return in the past year, further highlight its resilience compared to the broader market, which has declined by 3.33% in the same timeframe. Despite some concerns regarding its high valuation, as indicated by a Price to Book Value of 14.8, the overall positive sentiment and institutional interest appear to be driving the stock's upward movement.