Why is 360 ONE falling/rising?

As of 16-Jul, 360 ONE WAM Ltd is experiencing a price increase, currently at 1,202.25, reflecting a rise of 6.25 or 0.52%. The stock has shown positive performance today, outperforming its sector by 0.75% and has been on a consecutive gain for the last three days, accumulating a total return of 1.26% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decrease in investor participation, with delivery volume falling by 52.13% against the 5-day average, the company has demonstrated strong long-term fundamentals, including a consistent return on equity of 18.36% and positive results over the last five quarters, which have contributed to the stock's upward movement.
In the broader market context, the stock's short-term return of 0.66% over the past week contrasts with the Sensex, which has declined by 1.08%. While the stock has generated a notable return of 22.83% over the past year, it is trading at a premium compared to its peers, indicated by a high price-to-book value of 6.9. This expensive valuation, coupled with a PEG ratio of 2.4, suggests that while the stock has performed well historically, there may be concerns about its sustainability in the face of rising valuations. Overall, the combination of strong recent performance and solid fundamentals appears to be driving the stock's current rise despite some risks associated with its valuation.