Why is Garware Hi Tech falling/rising?

As of 17-Nov, Garware Hi Tech Films Ltd is experiencing a price increase, currently at Rs 3,960.00, reflecting a rise of Rs 204.4 or 5.44%. The stock has shown strong performance recently, gaining 14.58% over the last four days and outperforming its sector by 4.21% today. It has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, the stock's delivery volume has surged by 141.06% compared to the 5-day average, suggesting increased investor interest. Despite a year-to-date decline of 21.66%, the stock has demonstrated impressive long-term growth, with a 464.26% increase over three years and a staggering 1187.18% over five years. The company's low debt-to-equity ratio and significant market capitalization of Rs 8,725 crore further bolster investor confidence.
In the broader market context, Garware Hi Tech's short-term return of 12.77% over the past week significantly outpaces the Sensex's gain of 1.69%, highlighting its strong relative performance. The stock's recent upward movement can be attributed to both its solid fundamentals and favorable market conditions, as it constitutes 30.03% of its sector and has a substantial annual sales figure. This combination of factors positions Garware Hi Tech favorably against the benchmark, contributing to its rising stock price amidst a generally stable market environment.