Why is Garware Hi Tech falling/rising?

As of 25-Jul, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at Rs 3,676.70, which represents a decrease of Rs 87.4 or 2.32%. Today's price summary indicates that the stock has underperformed its sector by 1.21%, with an intraday low of Rs 3,619.05, reflecting a drop of 3.85%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite the recent decline, the company has shown strong financial performance, with net sales growing by 26.02% and profit after tax increasing by 21.92% over the last nine months. The company has also reported positive results for the last seven consecutive quarters, which may provide some support for the stock despite its current downward movement.
In the broader market context, Garware Hi Tech's short-term performance has been weaker than the benchmark, with a 1-week return of -0.63% compared to the Sensex's -0.36%. Over the past month, the stock has declined by 10.85%, while the Sensex has only fallen by 1.56%. However, it is important to note that the stock has outperformed the benchmark over the longer term, with a 52.83% return over the past year and a remarkable 332.81% increase over the last three years. This long-term performance, coupled with a low debt-to-equity ratio and strong market position, indicates that while the stock is currently facing challenges, it has the potential for recovery in the future.