Why is Garware Hi Tech falling/rising?

As of 19-Sep, Garware Hi Tech Films Ltd is experiencing a price increase, currently at 3,385.00, with a change of 21.65 (0.64%) upwards. Today's performance indicates that the stock has outperformed its sector by 0.32% and has shown a trend reversal after two consecutive days of decline. Although the stock is currently above its 20-day and 50-day moving averages, it remains below its 5-day, 100-day, and 200-day moving averages. The stock has seen a 2.16% increase over the past week and a significant 12.42% rise over the past month, despite a year-to-date decline of 33.04%. Positive factors contributing to this movement include a low debt-to-equity ratio, healthy long-term growth in net sales and operating profit, and consistent returns over the last three years, which have helped bolster investor confidence.
In the broader market context, Garware Hi Tech's short-term performance has outpaced the Sensex, which has only increased by 0.88% over the past week. While the stock has shown resilience in the short term, it has faced challenges with a recent decline in investor participation, as evidenced by a 32.01% drop in delivery volume compared to the five-day average. Additionally, the company's flat results in June, with a 6.1% decrease in net sales compared to the previous quarter, may temper investor enthusiasm. Despite these concerns, the stock's strong market position, being the largest in its sector, and its ability to generate returns above the BSE500 over the past three years provide a positive backdrop for its recent price movement.