Why is Garware Marine falling/rising?

As of 04-Jul, Garware Marine Industries Ltd is experiencing a price increase, with its current price at 35.58, reflecting a change of 0.69 or 1.98% upward. The stock has been on a positive trajectory, gaining for the last nine days and achieving a remarkable 42.04% return during this period. It has significantly outperformed the sector by 2.11% today and has shown strong performance over various time frames, including a 150.21% increase over the past year and a staggering 240.80% over the last three years. However, there are concerns regarding the company's long-term fundamental strength, as indicated by a low average Return on Equity (ROE) of 1.29% and weak growth in net sales and operating profit over the last five years.
In the broader market context, Garware Marine's short-term performance stands in stark contrast to the benchmark, with the stock rising 16.92% over the past week while the Sensex has declined by 0.74%. This indicates that Garware Marine is not only performing well in isolation but is also gaining traction against the broader market trends. Despite the positive short-term performance, the stock's valuation appears expensive relative to its fundamentals, which may raise caution among investors looking for long-term stability. The stock's liquidity remains adequate, but a decline in delivery volume suggests a potential decrease in investor participation, which could impact future price movements.