Why is Gayatri Highways falling/rising?

As of 05-Aug, Gayatri Highways Ltd is experiencing a price increase, currently at Rs. 2.17, which reflects a rise of 0.04 or 1.88%. The stock has reached a new 52-week high today and has been on an upward trend, gaining consecutively for the last 14 days with a total return of 23.3% during this period. Additionally, the stock has significantly outperformed the sector by 1.38%. Over various time frames, Gayatri Highways has shown impressive returns, including a 65.65% increase over the past month and a remarkable 456.41% rise over the last five years. However, there has been a notable decline in investor participation, with delivery volume falling by 41.46% compared to the five-day average, which may indicate a potential concern regarding sustained interest.
In the broader market context, Gayatri Highways' strong performance contrasts sharply with the benchmark Sensex, which has seen a decline of 0.77% over the past week and a drop of 3.26% over the past month. This divergence highlights the stock's resilience and attractiveness to investors despite a generally unfavorable market environment. The stock's consistent trading above its moving averages further supports its upward momentum, suggesting a bullish sentiment among investors, even as liquidity remains adequate for trading. Overall, the combination of strong returns and a recent price surge indicates a positive outlook for Gayatri Highways amidst broader market challenges.