Why is GMDC falling/rising?

As of 23-Sep, Gujarat Mineral Development Corporation Ltd. is experiencing a significant rise in its stock price, currently at 627.30, reflecting an increase of 61.7 points or 10.91%. The stock has recently hit a new 52-week and all-time high of Rs. 642.5, showcasing strong performance with a day's high of 13.6% increase. Over the past week, the stock has outperformed the Sensex, gaining 14.58% compared to the benchmark's slight decline of 0.34%. Additionally, the company has demonstrated impressive long-term growth, with an annual operating profit increase of 91.90% and a remarkable 330.69% rise over the past three years. Despite a recent decline in delivery volume, the stock remains liquid enough for trading, indicating continued investor interest.
Broader market context shows that while GMDC has been outperforming the benchmark indices, the Sensex has only seen a modest gain of 0.98% over the past month and a decline of 3.33% over the past year. The stock's strong performance relative to the market highlights its resilience and attractiveness to investors, particularly given its low debt-to-equity ratio and consistent market-beating returns. This combination of factors contributes to the stock's upward momentum, as it continues to attract attention in a broader market that has not performed as well.