Why is Garware Tech falling/rising?

As of 24-Sep, Garware Technical Fibres Ltd's stock price is currently at 795.00, reflecting an increase of 11.2, or 1.43%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 1.86%. However, the stock has shown a negative return of -1.85% over the past week and -2.45% over the last month, while year-to-date it has decreased by 16.49%. Despite a high management efficiency with a return on equity (ROE) of 17.80% and a low debt-to-equity ratio of 0.02, the stock faces challenges due to poor long-term growth metrics, including a flat performance in recent quarters and a high price-to-book value ratio of 6.4, indicating it is trading at a premium compared to peers.
Broader market context shows that while Garware Technical Fibres has underperformed against the Sensex in the short term, with the benchmark index declining by only 1.18% over the past week, the company’s long-term performance remains concerning. The stock's year-over-year return of -3.36% contrasts with the Sensex's slight decline of -3.77%, suggesting that investor sentiment may be cautious due to the company's flat results and high valuation metrics. Additionally, falling investor participation, as evidenced by a 36% drop in delivery volume, further indicates a lack of confidence among traders, which could contribute to the stock's recent price movements.