Why is Garg Furnace falling/rising?

As of 29-Jul, Garg Furnace Ltd's stock price is currently at 235.90, reflecting an increase of 0.9 (0.38%). The stock has shown a positive trend recently, gaining 4.04% over the last two days, although it has underperformed its sector by 0.93% today. In terms of longer-term performance, the stock has experienced a decline of 21.13% over the past year, contrasting sharply with its impressive 475.37% increase over the last three years. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 1.11 times and positive quarterly results, including a significant 82.7% growth in PAT and record net sales. However, the stock is trading at a premium compared to its peers, and despite rising profits, it has underperformed the market significantly over the past year.
Broader market context indicates that while Garg Furnace has outperformed the Sensex over the past month with a return of 37.35% compared to the benchmark's -3.24%, it has still faced challenges in the short term. The stock's performance has been negatively impacted by a substantial drop in investor participation, with delivery volume falling by 83.96% against the five-day average. This decline in trading activity suggests a lack of confidence among investors, which may be contributing to the stock's volatility despite its recent gains. Overall, while Garg Furnace has shown some positive movements, its longer-term underperformance and current liquidity issues are significant factors influencing its stock price.