Why is Garware Hi Tech falling/rising?

As of 22-Jul, Garware Hi Tech Films Ltd's stock price is rising, currently at 3,718.00, reflecting an increase of 59.6 points or 1.63%. Today's price summary indicates that the stock has outperformed its sector by 1.07% and has gained after two consecutive days of decline. While the stock is currently above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest increase of 0.78%, contrasting with a slight decline of 7.09% over the past month. Positive factors contributing to the stock's rise include a low debt-to-equity ratio, consistent positive results over the last seven quarters, and a significant increase in institutional investor participation, which has risen by 1.23% in the last quarter.
In the broader market context, the stock's short-term performance is favorable compared to the benchmark Sensex, which has declined by 0.47% over the past week. Despite a year-to-date decline of 26.45%, the stock has outperformed the Sensex over the past year with a return of 59.44%. The company, with a market capitalization of Rs 8,499 crore, is the largest in its sector and has shown strong long-term performance, generating substantial returns over the last three and five years. This combination of factors suggests that while the stock has faced challenges recently, its overall performance and institutional interest may be driving the current upward movement.