Why is Garware Hi Tech falling/rising?

As of 14-Jul, Garware Hi Tech Films Ltd is experiencing a price increase, currently at 3,623.95, reflecting a rise of 23.85 (0.66%). Today's price summary indicates that the stock has outperformed its sector by 0.85% and has gained after six consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a recent drop in delivery volume by 52.4% against the 5-day average, the company has shown strong financial performance with a 26.02% growth in net sales over the last nine months and a 21.92% increase in profit after tax in the latest six months. Additionally, institutional investors have increased their stake, which may contribute positively to the stock's recent movement.
In the broader market context, Garware Hi Tech's short-term performance has been notably weaker than the benchmark, with a 5.39% decline over the past week compared to a 1.42% drop in the Sensex. Year-to-date, the stock has fallen by 28.31%, contrasting sharply with the Sensex's 5.27% gain, highlighting a significant underperformance in the short term. However, the stock has delivered impressive long-term returns, with a 59.36% increase over the past year and a remarkable 359.28% rise over the last three years, suggesting that while it faces short-term challenges, its long-term fundamentals remain strong.