Why is Garware Hi Tech falling/rising?

As of 13-Aug, Garware Hi Tech Films Ltd is experiencing a price increase, with the current price at Rs 2,866.60, reflecting a rise of 15.4 points or 0.54%. The stock has been gaining for the last two days, with a total return of 0.69% during this period. Despite this recent uptick, the stock has underperformed significantly over the past week and month, with declines of 11.27% and 20.37%, respectively. The company has a low Debt to Equity ratio and has shown healthy long-term growth, with net sales increasing at an annual rate of 20.40% and operating profit at 26.31%. However, the stock's performance is tempered by flat results in the most recent quarter, where net sales fell by 6.1% compared to the previous four-quarter average, and it is trading at a premium valuation compared to its peers.
In the broader market context, while Garware Hi Tech has outperformed its sector by 0.83% today, it has significantly lagged behind the benchmark Sensex over the past month, which has only declined by 2.38%. The stock's year-to-date performance shows a stark contrast, with a drop of 43.29% compared to a 3.07% increase in the Sensex. This indicates that while there may be short-term gains, the overall trend for Garware Hi Tech remains negative in the context of broader market movements. The falling investor participation, as evidenced by a 29.44% drop in delivery volume, further complicates the stock's outlook, suggesting that investor confidence may be waning despite recent price increases.