Why is Gautam Exim falling/rising?

As of 30-Jun, Gautam Exim Ltd's stock price is currently at Rs. 209.00, reflecting an increase of Rs. 3.1 or 1.51%. The stock has recently reached a new 52-week and all-time high of Rs. 209 today, although it opened with a loss of 2.87% and touched an intraday low of Rs. 200. Despite this initial dip, the stock has shown resilience by gaining 2.96% over the last two days. Over the past week, Gautam Exim has outperformed the benchmark Sensex, with a return of 9.00% compared to the Sensex's 2.09%. Additionally, the stock has demonstrated impressive long-term performance, with a 204.09% increase over the past year and a staggering 719.61% rise over the last three years. The stock is also trading above all key moving averages, indicating a strong upward trend.
In the broader market context, while Gautam Exim has outperformed the Sensex in the short term, it has underperformed its sector by 0.88% today. The overall trading environment has been positive, with the sector gaining 2.38%. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 52.17% against the five-day average, suggesting growing interest in the stock. The liquidity of Gautam Exim is adequate, allowing for sufficient trading activity. Overall, the combination of strong historical performance, recent gains, and rising investor engagement contributes to the stock's upward movement, despite some short-term volatility.