Why is Garware Tech falling/rising?

As of 15-Sep, Garware Technical Fibres Ltd's stock price is currently at 789.65, reflecting an increase of 15.8, or 2.04%. The stock has outperformed its sector today by 1.74%, reaching an intraday high of Rs 792.7. In terms of recent performance, the stock has shown a 2.82% increase over the past week, although it has a year-to-date decline of 17.05%. The company benefits from high management efficiency, indicated by a return on equity (ROE) of 17.80%, and a low debt-to-equity ratio of 0.02 times. However, concerns about long-term growth persist due to flat results in June and a high valuation relative to peers, with a price-to-book value of 6.3.
Broader market context shows that while Garware Technical Fibres has outperformed the Sensex by 1.58% over the past week, its year-to-date performance lags significantly behind the index, which has gained 4.67%. The stock's liquidity remains adequate for trading, but a notable decline in investor participation, with delivery volume dropping by 39% against the 5-day average, raises concerns about sustained interest. Overall, while the stock is experiencing a short-term rise, the underlying issues regarding growth and valuation may temper long-term investor confidence.