Why is Garware Hi Tech falling/rising?

As of 08-Jul, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at Rs 3,722.40, reflecting a decrease of Rs 108.0 or 2.82%. The stock has underperformed its sector by 1.8% today and has been on a downward trend for the last three days, accumulating a total loss of 9.83% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the recent negative performance, the company has shown strong fundamentals, with positive results over the last seven consecutive quarters, including a 52.17% growth in PAT and a 26.02% increase in net sales. The recent increase in institutional investor participation, which has risen by 1.23%, indicates a growing confidence in the company's long-term prospects.
In the broader market context, Garware Hi Tech's short-term performance has significantly lagged behind the benchmark Sensex, which has seen a slight increase of 0.02% over the past week. While the stock has generated a remarkable 52.23% return over the past year, it has faced a substantial decline of 26.36% year-to-date, contrasting sharply with the Sensex's 7.13% gain in the same timeframe. This divergence highlights the stock's recent struggles despite its historical outperformance and solid financial metrics, suggesting that current market sentiment may be weighing heavily on its price.