Why is GHCL Textiles falling/rising?

As of 27-Jun, GHCL Textiles Ltd is experiencing a price increase, currently at Rs 96.95, reflecting a rise of Rs 4.0 or 4.3%. The stock has outperformed its sector today by 3.57%, reaching an intraday high of Rs 97.53. Over the past week, GHCL has shown a return of +5.92%, while its performance over the last month is +4.87%. The company has demonstrated strong fundamentals, with a low debt-to-equity ratio of 0.04 and impressive operating profit growth of 62.86% annually. Additionally, the stock's return over the past year is +8.03%, with profits rising by 123%, indicating a very attractive valuation with a PEG ratio of 0.1. High institutional holdings at 21.65% further support the stock's positive outlook.
In the broader market context, GHCL's short-term performance has significantly outpaced the benchmark Sensex, which has only returned +2.00% over the past week and +3.07% over the past month. This indicates that investor sentiment towards GHCL is notably stronger compared to the overall market. The rising investor participation, evidenced by a 1.4% increase in delivery volume, coupled with the stock trading above its moving averages, suggests a bullish trend. Overall, the combination of strong financial performance, positive investor sentiment, and favorable market conditions contributes to the stock's upward movement.