Why is GMM Pfaudler falling/rising?

As of 01-Jul, GMM Pfaudler Ltd's stock price is currently at 1,209.50, reflecting an increase of 13.55, or 1.13%. The stock has been gaining momentum, having outperformed its sector by 1.82% today and achieving a consecutive gain over the last two days with a total return of 1.74%. Additionally, the stock has touched an intraday high of Rs 1221.65, indicating positive trading activity. However, it is important to note that despite the recent gains, the stock has underperformed over the past year with a return of -12.15%, and its profits have significantly declined by -41.5%. The company benefits from high management efficiency, a low Debt to EBITDA ratio, and increased institutional holdings, which may contribute to investor confidence and support the stock's recent upward movement.
In the broader market context, GMM Pfaudler's short-term performance over the past week shows a return of +3.02%, which is notably higher than the Sensex's +2.00% during the same period. This indicates that the stock is gaining traction relative to the benchmark. However, the year-to-date performance shows a decline of -2.15% for GMM Pfaudler compared to a +7.11% increase in the Sensex, suggesting that while the stock is currently rising, it has struggled to keep pace with the broader market trends over a longer timeframe. The falling investor participation, as indicated by a significant drop in delivery volume, could also pose a concern for sustained momentum in the stock's price.