Why is Garware Tech falling/rising?

As of 30-Jul, Garware Technical Fibres Ltd's stock price is currently at Rs 911.75, reflecting an increase of Rs 28.75 or 3.26%. Today's performance indicates that the stock has outperformed its sector by 3.27%, reaching an intraday high of Rs 917, which is a 3.85% rise. However, the stock has shown a decline of 3.11% over the past week and 1.60% over the past month. Despite this recent downturn, the stock has demonstrated a strong annual return of 17.57%, significantly outperforming the benchmark Sensex, which has only seen a 0.03% increase over the same period. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which contribute positively to its stock performance.
Broader Market Context: In the context of the broader market, Garware Technical Fibres Ltd has outperformed the BSE500 index, which has generated negative returns of -2.34% over the past year. While the stock has faced short-term challenges, its long-term performance remains robust, with a notable increase of 170.95% over the past five years. However, there is a concerning trend of falling investor participation, as evidenced by a significant drop in delivery volume, which may impact future price movements. Overall, while the stock is currently rising, its recent performance against the broader market indicates a mixed outlook.