Why is Garware Tech falling/rising?

As of 28-Jul, Garware Technical Fibres Ltd's stock price is currently at 902.00, reflecting an increase of 2.35 (0.26%). The stock has shown a trend reversal by gaining after three consecutive days of decline, opening with a significant gap up of 5.93% today and reaching an intraday high of Rs 953. Despite this positive movement, the stock has underperformed the sector by 1.15% and has experienced high volatility with an intraday fluctuation of 5.6%. Over the past week, the stock has declined by 1.90%, while its year-to-date performance shows a drop of 5.25%. Positive factors contributing to the stock's rise include high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which suggest confidence in the company's fundamentals. However, concerns about poor long-term growth and high valuation relative to peers may temper investor enthusiasm.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the BSE500, which has generated negative returns of -2.52% over the last year, while Garware Technical Fibres Ltd has achieved a return of 17.14%. This indicates that despite the stock's recent volatility and short-term declines, it has managed to maintain a strong position relative to the overall market. The stock's ability to generate positive returns in a declining market environment may attract investors looking for resilience, although the declining delivery volume and high valuation metrics could pose risks moving forward.