Why is Advait Energy falling/rising?

As of 21-Jul, Advait Energy Transitions Limited's stock price is rising, currently at Rs. 2,203.20, reflecting an increase of Rs. 116.55 or 5.59%. The stock has recently reached a new 52-week high of Rs. 2,350, indicating strong performance, and has outperformed its sector by 5.63%. Over the past three days, the stock has gained 8.27%, and its performance over the last week shows an increase of 8.07%. The company has demonstrated healthy long-term growth, with net sales growing at an annual rate of 55.10% and operating profit at 84.71%. However, it faces risks due to a high Price to Book Value ratio and low domestic mutual fund ownership, which may indicate concerns about its valuation.
Broader market context shows that while Advait Energy has outperformed the Sensex, which has seen a slight decline of 0.06% over the past week, the stock's year-to-date return of 44.40% significantly exceeds the Sensex's 5.20%. This strong performance relative to the benchmark highlights investor confidence in Advait Energy, despite some volatility and falling investor participation in recent trading sessions. The stock's consistent returns over the past three years further support its upward movement, even as it faces challenges related to valuation and market perception.