Why is Arrow Greentech falling/rising?

As of 17-Jul, Arrow Greentech Ltd's stock price is rising, currently at 656.00, reflecting an increase of 10.2 or 1.58%. The stock has outperformed its sector today by 0.98% and has shown consecutive gains over the last two days, with a total return of 2.53% during this period. The stock reached an intraday high of Rs 659, indicating positive momentum. Over the past week, it has increased by 1.45%, and over the last month, it has risen by 6.27%. The company has demonstrated strong financial performance, with net sales growing at an annual rate of 61.34% and operating profit at 56.09%. Additionally, it has declared positive results for the last four consecutive quarters, contributing to investor confidence.
In the broader market context, Arrow Greentech's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. Despite a year-to-date decline of 16.91%, the stock has generated a return of 15.90% over the last year, outperforming the BSE500 consistently over the past three years. However, the stock's high valuation, indicated by a Price to Book Value of 5.3 and a low domestic mutual fund holding, suggests some caution among institutional investors. This mixed sentiment, combined with a significant drop in delivery volume, may indicate potential volatility ahead, despite the company's strong growth metrics.