Why is GHCL falling/rising?

As of 03-Jul, GHCL Ltd's stock price is currently at 616.75, reflecting an increase of 1.4, or 0.23%. The stock has shown a positive performance today, outperforming its sector by 0.26%, and has been gaining for the last two days with a total return of 0.6% during this period. Over the past week, GHCL has increased by 2.52%, while it has experienced a decline of 1.48% over the past month. Despite a year-to-date drop of 14.82%, the stock has generated an 8.81% return over the past year. The company benefits from high management efficiency, indicated by a return on equity (ROE) of 19.77%, and a low debt-to-equity ratio. However, it is trading at a premium compared to its peers, and the recent decline in delivery volume suggests a decrease in investor participation.
In the broader market context, GHCL's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.62% over the past week. While the stock has outperformed the benchmark in the short term, it has lagged behind in the longer term, with a year-to-date performance significantly lower than the Sensex's 6.53% gain. The high institutional holdings at 36.17% indicate confidence from larger investors who have the resources to analyze the company's fundamentals, potentially supporting the stock's recent upward movement. However, the stock's lower performance over the past month and year-to-date suggests that broader market conditions may still pose challenges.