Why is Garuda Cons falling/rising?

As of 29-Aug, Garuda Construction and Engineering Ltd's stock price is rising, currently at 216.35, reflecting an increase of 17.85 or 8.99%. The stock has recently hit a new 52-week and all-time high of Rs 223.95, and it has outperformed its sector by 10.06%. After two days of consecutive decline, the stock has shown a trend reversal, gaining momentum with a wide trading range of Rs 25.1. The company has demonstrated strong financial performance, with a net profit growth of 55.27% and positive results over the last three quarters. However, it faces concerns regarding long-term growth, as its operating profit has only increased at an annual rate of 9.51% over the past five years.
In the broader market context, Garuda's stock has significantly outperformed the benchmark Sensex, with a 1-week return of +12.86% compared to the Sensex's -1.84%, and a 1-month return of +15.60% against the Sensex's -1.88%. This stark contrast highlights the stock's strong performance relative to the market. Despite the company's high valuation indicated by a Price to Book Value of 6.1, the rising investor participation and liquidity suggest a positive sentiment among investors, contributing to the stock's upward movement.