Why is Garware Tech falling/rising?

As of 29-Aug, Garware Technical Fibres Ltd's stock price is currently at Rs 765.60, reflecting an increase of Rs 4.1 or 0.54%. The stock has shown a trend reversal today, gaining after three consecutive days of decline, and opened with a gain of 2.12%. It reached an intraday high of Rs 777.65. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term bearish trend. The company has high management efficiency with a return on equity (ROE) of 17.80% and a low debt-to-equity ratio of 0.02, which are positive factors. However, the company faces challenges with poor long-term growth, as evidenced by flat results in June and a high valuation compared to peers, which may limit investor confidence.
In the broader market context, Garware Technical Fibres Ltd has underperformed the benchmark Sensex over the past week and month, with returns of -6.06% and -13.30%, respectively, compared to the Sensex's -1.84% and -1.88%. However, today the stock outperformed its sector by 1.24%, suggesting a temporary rebound amidst a generally challenging environment. The rising investor participation, indicated by a 22.85% increase in delivery volume, may signal renewed interest, but the overall negative trends in sales growth and profitability metrics could weigh on the stock's performance moving forward.