Why is Garware Hi Tech falling/rising?

As of 17-Jul, Garware Hi Tech Films Ltd's stock price is rising, currently at Rs 3,779.15, reflecting an increase of Rs 86.2 or 2.33%. The stock has shown a positive performance today, outperforming its sector by 1.96%, and has been on a consecutive gain streak for the last four days, accumulating a total return of 4.97% during this period. Despite a decline of 10.82% over the past month and a year-to-date drop of 25.24%, the stock has performed well over the last year with a return of 56.81%. The company has also reported positive financial results over the last seven quarters, with significant growth in net sales and profit after tax, which may be contributing to the recent upward movement.
Broader market context indicates that while Garware Hi Tech Films has outperformed the Sensex in the short term, the benchmark has experienced a slight decline of 1.12% over the past week. The stock's liquidity remains adequate, although there has been a notable decrease in delivery volume, which fell by 52.76% against the five-day average. Additionally, the increase in institutional investor participation, with a 1.23% rise in their stake, suggests a growing confidence in the company's fundamentals, further supporting the stock's recent gains.