Why is CG Power & Ind falling/rising?

As of 04-Sep, CG Power & Industrial Solutions Ltd is experiencing a price increase, currently at 740.15, reflecting a rise of 6.55 or 0.89%. The stock has shown strong performance today, outperforming its sector by 1.64% and reaching an intraday high of Rs 751, which is a 2.37% increase. Over the past week, the stock has risen by 11.53%, while its one-month return stands at 11.79%. The company has demonstrated robust fundamentals, with a strong average Return on Equity (ROE) of 36.30% and consistent growth in net sales and operating profit. Additionally, CG Power has declared positive results for the last three consecutive quarters, contributing to its favorable market perception.
In the broader market context, CG Power's recent performance significantly outpaces the benchmark Sensex, which has only increased by 0.80% over the past week. The stock's liquidity is also favorable, with a delivery volume that has risen against the five-day average, indicating increased investor participation. However, it is important to note that despite the positive short-term performance, the stock is trading at a premium compared to its peers, with a high Price to Book Value ratio, and its profits have seen a slight decline over the past year. This combination of strong recent performance and underlying valuation concerns presents a complex picture for investors.