Why is BSE falling/rising?

As of 24-Jun, BSE Ltd's stock price is currently at 2,785.60, reflecting an increase of 10.3, or 0.37%. The stock has shown strong performance over various periods, with a 1-week return of 4.55%, a 1-month return of 13.79%, and an impressive year-to-date return of 56.90%. However, today's performance indicates a slight underperformance against its sector by 0.55%. Despite this, BSE Ltd is trading above its moving averages across multiple time frames, indicating a positive trend. The company has demonstrated strong long-term fundamental strength, with a remarkable 83.99% CAGR growth in operating profits and a net profit growth of 479.51%. The stock has consistently delivered positive results for the last nine consecutive quarters, contributing to its strong buy rating.
In the broader market context, BSE Ltd's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 0.77% over the same 1-week and 1-month periods. The stock's long-term performance is also noteworthy, with a staggering 234.50% return over the past year compared to the Sensex's 6.40%. However, there are concerns regarding its valuation, as the stock is considered very expensive with a price-to-book value of 25.6, which is higher than its peers. This premium valuation, coupled with a decline in investor participation indicated by a 4.59% drop in delivery volume, may pose risks to its continued upward momentum.