Why is Gowra Leasing falling/rising?

As of 23-Jul, Gowra Leasing & Finance Ltd's stock price is rising, currently at Rs. 144.57, reflecting an increase of Rs. 6.88 or 5.0%. The stock has reached a new 52-week and all-time high today, and it has been on a positive trajectory, gaining 15.75% over the last three days. The stock has outperformed its sector by 4.46% today and is trading above all key moving averages, indicating strong momentum. Additionally, the company has reported positive financial results for the last three consecutive quarters, with significant growth in profit after tax and other key metrics, which supports the stock's upward movement.
In the broader market context, Gowra Leasing's one-week return of 6.71% significantly outpaces the Sensex's modest gain of 0.11%, demonstrating strong relative performance. Over the past month, the stock has surged by 51.78%, while the benchmark has only increased by 1.01%. This trend of outperformance is consistent with the company's long-term performance, having generated 238.57% returns over the past year, which further solidifies investor confidence despite a recent decline in delivery volume. Overall, the combination of strong financial results and significant stock performance relative to the market contributes to the stock's rising price.