Why is Gowra Leasing falling/rising?

As of 21-Jul, Gowra Leasing & Finance Ltd's stock price is rising, currently at Rs 131.14, reflecting an increase of Rs 6.24 or 5.0%. The stock has shown strong performance today, opening with a gain of 5% and reaching an intraday high of Rs 131.14. It is also close to its 52-week high, just 3.31% away from Rs 135.48. Over the past week, the stock has increased by 6.71%, and it has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.06%. Additionally, the stock has demonstrated impressive long-term returns, with a 219.85% increase over the past year and a staggering 471.42% over the last three years. The company has reported positive financial results for the last three consecutive quarters, with a notable growth in profit after tax and other key financial metrics, which has likely bolstered investor confidence.
In the broader market context, Gowra Leasing's recent performance stands in stark contrast to the Sensex, which has experienced a minor decline over the same period. The stock's ability to outperform the sector by 4.14% today and its rising investor participation, evidenced by a significant increase in delivery volume, further indicate strong market interest. The stock's consistent performance above its moving averages also suggests a bullish trend, reinforcing the positive sentiment surrounding it. Overall, the combination of solid financial results, strong historical performance, and favorable market conditions contribute to the stock's upward movement.