Why is GMDC falling/rising?

As of 30-Oct, Gujarat Mineral Development Corporation Ltd. is experiencing a price increase, currently at 596.00, reflecting a change of 4.95 (0.84%) upward. The stock has shown a positive trend, gaining 3.19% over the last three days, and it reached an intraday high of Rs 605. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock has outperformed the benchmark Sensex over various periods, including a remarkable 334.72% increase over the last three years and an 85.15% rise year-to-date. The recent increase in delivery volume by 127.76% compared to the 5-day average suggests rising investor interest, particularly from institutional investors who have increased their stake by 1.04% in the last quarter.
In the broader market context, while the Sensex has seen a slight decline of 0.18% over the past week, GMDC has managed to rise by 2.59%, showcasing its resilience and strong performance relative to the market. This divergence highlights GMDC's ability to attract investor interest despite broader market challenges. The company's low debt-to-equity ratio and impressive operating profit growth of 91.90% annually further bolster its appeal, suggesting that it is well-positioned for sustained growth. Overall, the combination of strong recent performance, increasing institutional participation, and favorable financial metrics contributes to the stock's upward movement.