Why is Garuda Cons falling/rising?

As of 23-Jul, Garuda Construction and Engineering Ltd's stock price is rising, currently at Rs. 188.80, reflecting an increase of Rs. 13.6 or 7.76%. The stock has demonstrated strong performance, gaining 40.95% over the last eight days and hitting a new 52-week high of Rs. 191.25 today. Additionally, it has outperformed its sector by 9.08%. The company has shown impressive financial results, with a net profit growth of 55.27% and positive results for the last three consecutive quarters, contributing to investor confidence. However, there are concerns regarding its long-term growth potential, as operating profit has only grown at an annual rate of 9.51% over the past five years, and the stock is considered expensive with a high price-to-book value of 5.3.
In the broader market context, Garuda's stock has significantly outperformed the benchmark Sensex, with a one-week return of 27.18% compared to the Sensex's mere 0.11% increase. Over the past month, Garuda's stock has risen by 57.99%, while the Sensex has only increased by 1.01%. This stark contrast highlights the stock's strong momentum relative to the overall market. Despite a recent decline in investor participation, as indicated by a 31.97% drop in delivery volume, the stock's liquidity remains sufficient for trading, further supporting its upward trajectory.