Why is GMDC falling/rising?

As of 22-Jul, Gujarat Mineral Development Corporation Ltd. is experiencing a price increase, currently at 457.80, which reflects a rise of 21.8 points or 5.0%. The stock has recently hit a new 52-week high of Rs. 468 and has outperformed its sector by 4.25%. Over the last four days, the stock has gained 20.66%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the company has shown consistent performance with a 42.22% year-to-date return, significantly outperforming the Sensex, which has only increased by 5.18% in the same period. The company's healthy operating profit growth and low debt-to-equity ratio further bolster investor confidence, contributing to the stock's upward movement.
In the broader market context, GMDC's short-term performance has been notably strong, with a 19.98% increase over the past week, while the Sensex has declined by 0.47%. This stark contrast highlights the stock's resilience and attractiveness to investors amidst a generally weaker market. The rising investor participation, evidenced by a 44.21% increase in delivery volume, suggests growing confidence in the stock's prospects. Overall, GMDC's solid financial metrics and positive market sentiment have played a crucial role in driving its stock price higher.