Why is 360 ONE falling/rising?

As of 04-Jul, 360 ONE WAM Ltd's stock price is currently at 1,244.45, reflecting an increase of 15.95 or 1.3%. The stock has shown strong performance recently, gaining 5.69% over the last three days and outperforming its sector by 1.17% today. It has consistently traded above its moving averages across various time frames, indicating positive momentum. The company has reported strong long-term fundamental strength, with an average Return on Equity (ROE) of 18.36% and positive results for the last five consecutive quarters, including a 24.09% growth in net sales and a 21.01% increase in profit after tax. However, the stock is considered expensive with a high Price to Book Value of 7.1, and its PEG ratio of 2.5 suggests that while it has generated significant returns, its profits have not increased at a comparable rate.
In the broader market context, the stock has outperformed the Sensex over the past week, with a return of 3.91% compared to the benchmark's decline of 0.74%. Over the past month, 360 ONE has achieved a remarkable 21.54% return, while the Sensex has only increased by 3.01%. Despite this strong performance, there is a noted decline in investor participation, with delivery volume dropping significantly. This could indicate potential caution among investors despite the stock's recent gains, as it trades at a premium compared to its peers. Overall, while the stock is rising due to strong fundamentals and recent performance, concerns about its valuation may temper enthusiasm in the market.