Why is Garware Hi Tech falling/rising?

As of 18-Jul, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at Rs 3,700.00, which reflects a decrease of Rs 79.15 or 2.09%. The stock has underperformed its sector by 1.16% today and has seen a trend reversal after four consecutive days of gains. It touched an intraday low of Rs 3,700 and is currently trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite this short-term decline, the stock has shown strong performance over the long term, with a 58.53% return over the past year and a remarkable 339.33% increase over the last three years. The company has also reported positive financial results, including a 26.02% growth in net sales and a 21.92% increase in profit after tax over the last six months, which has attracted increased participation from institutional investors.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.90% over the past week. While Garware Hi Tech has underperformed in the short term, its long-term returns significantly exceed those of the benchmark, indicating strong fundamentals and investor confidence. The company's low debt-to-equity ratio and consistent positive results over the last seven quarters further support its stability. Additionally, the increase in institutional investor stakes suggests a favorable outlook from more sophisticated market participants, which may help mitigate the recent price decline and support future growth.