Why is Garware Hi Tech falling/rising?

As of 13-Nov, Garware Hi Tech Films Ltd is experiencing a price increase, currently at Rs 3,592.00, reflecting a rise of 76.35 (2.17%). The stock has shown strong performance recently, having gained 3.93% over the last two days and outperforming its sector by 1.53% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has seen a significant increase in delivery volume, rising by 155.84% compared to the 5-day average, which suggests heightened investor interest. However, it is important to note that the stock has underperformed over the year, with a return of -3.69%, despite a healthy growth in profits.
In the broader market context, Garware Hi Tech Films Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +7.15% compared to the Sensex's +1.40%. This indicates that while the stock has faced challenges over the longer term, it is currently gaining traction relative to the market. The company's low debt-to-equity ratio and strong sales growth contribute positively to its outlook, but it faces headwinds due to its relatively high valuation compared to peers and flat quarterly results. Overall, the recent price movement reflects a combination of positive investor sentiment and short-term performance, despite longer-term underperformance.