Why is Garware Hi Tech falling/rising?

As of 28-Aug, Garware Hi Tech Films Ltd's stock price is currently at Rs 2,744.90, reflecting an increase of Rs 33.7, or 1.24%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 1.61% and reached an intraday high of Rs 2,789, marking a 2.87% increase. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 24.38% compared to the 5-day average. Despite a year-to-date decline of 45.70%, the company has shown healthy long-term growth with net sales increasing at an annual rate of 20.40% and operating profit at 26.31%.
In the broader market context, Garware Hi Tech's short-term performance has been significantly weaker than the benchmark Sensex, which has only declined by 2.34% over the past week while Garware Hi Tech fell by 9.08%. The company's low debt-to-equity ratio and rising profits, despite a negative return over the past year, suggest a fair valuation and potential for recovery. However, the flat results in net sales for the last quarter, which fell by 6.1% compared to the previous four-quarter average, may have contributed to the stock's recent volatility. Overall, while the stock has shown some positive movement today, its longer-term performance remains concerning compared to the broader market.