Why is Garware Tech falling/rising?

As of 11-Sep, Garware Technical Fibres Ltd's stock is currently priced at Rs 782.50, reflecting an increase of Rs 26.45, or 3.5%. The stock has shown positive momentum recently, outperforming its sector by 3.01% today and has gained 3.87% over the last two days. It opened with a gain of 3.33% and reached an intraday high of Rs 812.7, indicating strong investor interest. However, despite this short-term rise, the stock has underperformed over the past month and year-to-date, with declines of 4.89% and 17.80%, respectively. The company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which may support its recent price movement. Conversely, concerns about poor long-term growth, flat quarterly results, and a high valuation compared to peers could weigh on investor sentiment.
In the broader market context, Garware Technical Fibres Ltd has outperformed the Sensex in the short term, with a 1-week return of +2.69% compared to the Sensex's +1.03%. Despite this positive short-term performance, the stock's year-to-date decline of 17.80% starkly contrasts with the Sensex's gain of 4.36%, highlighting ongoing challenges for the company. The mixed performance indicates that while there is some short-term bullish sentiment, broader concerns regarding the company's growth prospects and valuation may continue to impact its stock price in the long run.