Why is 3B Blackbio falling/rising?

As of 14-Aug, 3B Blackbio DX Ltd's stock price is rising, currently at 1,660.00, reflecting an increase of 28.05, or 1.72%. The stock has shown strong performance recently, gaining 10.66% over the past week and outperforming its sector by 3.06% today. It has been on a consecutive gain streak for the last five days, with an intraday high of Rs 1668. Additionally, the stock's delivery volume has significantly increased, indicating rising investor participation. The company boasts a low debt-to-equity ratio and has demonstrated healthy long-term growth, with an operating profit growth rate of 41.02%. However, it is trading at a premium compared to its peers, with a high price-to-book value, which may raise concerns about its valuation.
In the broader market context, while the stock has performed well in the short term, the benchmark Sensex has remained relatively flat, with a slight decline of 0.03% over the past week. This contrast highlights the stock's strength against the broader market. Despite its recent gains and positive financial indicators, the lack of domestic mutual fund investment may suggest caution among institutional investors, potentially impacting future price movements. Overall, while 3B Blackbio DX Ltd is currently experiencing upward momentum, its valuation concerns and market sentiment could influence its trajectory moving forward.