Why is Garware Tech falling/rising?

As of 04-Jul, Garware Technical Fibres Ltd's stock is currently priced at 906.40, reflecting an increase of 6.05, or 0.67%. Today's price movement indicates a trend reversal, as the stock has gained after three consecutive days of decline. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -0.17% compared to the Sensex's -0.74%. Over the past year, however, Garware has outperformed the market with a return of 13.55%, significantly higher than the BSE500's 2.13%. The stock's performance today is in line with its sector, but there is a noted decline in investor participation, as delivery volume has decreased by 9.99% against the 5-day average.
In the broader market context, while Garware Technical Fibres has shown a positive return over the past year, its recent performance indicates some challenges, particularly with a low growth rate in net sales and operating profit over the last five years. The stock's high valuation, indicated by a Price to Book Value of 7.2, suggests it is trading at a premium compared to its peers, which may deter some investors. However, the company benefits from high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, which could provide a buffer against market volatility. Overall, while the stock is currently rising, the mixed signals from its performance metrics and market conditions suggest a cautious outlook.