Why is Goodluck India falling/rising?

As of 03-Jul, Goodluck India Ltd's stock price is currently at 1,146.30, reflecting an increase of 36.8 points or 3.32%. The stock has shown a positive trend today, having gained after two consecutive days of decline. It reached an intraday high of Rs 1156.8, which is a 4.26% increase. Over the past week, the stock has outperformed the Sensex, with a return of 5.29% compared to the benchmark's decline of 0.62%. Additionally, Goodluck India has demonstrated consistent performance over longer periods, with a year-to-date return of 23.19% and a remarkable 296.10% increase over the past three years. The company is trading at a fair valuation and has shown strong profit growth, which contributes positively to its stock performance.
In the broader market context, while Goodluck India has outperformed the Sensex in the short term, the overall market has experienced mixed results. The Sensex has gained 3.10% over the past month, indicating a relatively stable market environment. However, the stock's recent rise is notable against the backdrop of declining investor participation, as evidenced by a significant drop in delivery volume. Despite this, the stock remains liquid enough for trading, suggesting that investor interest may still be present. Overall, Goodluck India's strong historical performance and fair valuation compared to peers support its rising stock price, even as broader market conditions fluctuate.