Why is BDH Industries falling/rising?

As of 22-Jul, BDH Industries Ltd is experiencing a significant rise in its stock price, currently at 349.80, reflecting an increase of 51.3 or 17.19%. Today's performance indicates that the stock has outperformed its sector by 18.1%, reaching an intraday high of Rs 353.7. The stock has demonstrated high volatility with an intraday volatility of 8.21% and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown consistent returns over the past three years, outperforming the BSE500 in each of the last three annual periods. However, it is important to note that the company has faced challenges, such as a low growth rate in net sales and operating profit over the last five years, which could temper investor enthusiasm.
In the broader market context, BDH Industries has significantly outperformed the benchmark Sensex in the short term, with a 1-week return of +30.50% compared to the Sensex's -0.47%. This stark contrast highlights the stock's strong performance relative to the market. Despite the positive short-term movements, the company has reported a decline in profits over the past year, which raises concerns about its long-term growth potential. The stock's current valuation appears expensive with a Price to Book Value of 2.9, suggesting that while the stock is performing well now, there are underlying issues that could affect its future trajectory.