Why is Arrow Greentech falling/rising?

As of 11-Jul, Arrow Greentech Ltd's stock price is rising, currently at 656.00, reflecting an increase of 9.35 (1.45%). The stock has been gaining for the last three days, with a total return of 5.53% during this period. It has outperformed its sector by 2.05% today. Over the past week, the stock has shown a return of +6.32%, while its performance over the last month is +5.28%. The company has demonstrated strong financial health, with net sales growing at an annual rate of 61.34% and operating profit at 56.09%. Additionally, the company has reported positive results for the last four consecutive quarters, contributing to investor confidence despite a relatively high valuation indicated by a Price to Book Value of 5.3.
In the broader market context, Arrow Greentech's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. While the stock has shown strong returns in the short term, it has a year-to-date performance of -16.91%, indicating challenges over a longer horizon. The falling investor participation, as evidenced by a significant drop in delivery volume, may raise concerns among investors, particularly given that domestic mutual funds hold no stake in the company. This lack of institutional interest could suggest caution regarding the stock's valuation despite its recent gains.