Why is Garware Hi Tech falling/rising?

As of 01-Sep, Garware Hi Tech Films Ltd is experiencing a price increase, with its current price at Rs 2,774.00, reflecting a rise of Rs 81.0 or 3.01%. Today, the stock opened with a gain of 2.05% and reached an intraday high of Rs 2,799, outperforming its sector by 0.36%. However, despite this positive movement, the stock has been trading lower than its moving averages across various time frames, indicating a potential bearish trend. Over the past week, the stock has declined by 2.39%, and its year-to-date performance shows a significant drop of 45.12%. While the company has a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, it has also reported flat results in its latest quarterly earnings, with net sales falling by 6.1% compared to the previous quarter.
Broader market context shows that while Garware Hi Tech has outperformed its sector today, it has underperformed the benchmark index, the Sensex, over the past year, with a return of -15.66% compared to the Sensex's -2.43%. The stock's performance has been negatively impacted by falling investor participation, as evidenced by a significant drop in delivery volume. Additionally, the stock is trading at a premium compared to its peers, which may deter some investors. Overall, despite today's rise, the stock's recent history of underperformance and the mixed signals from its financial health contribute to a complex outlook for Garware Hi Tech Films Ltd.