Why is Colab Platforms falling/rising?

As of 20-Jun, Colab Platforms Ltd is experiencing a price increase, currently at Rs 29.71, which reflects a rise of 1.41 or 4.98%. The stock has shown strong performance today, outperforming its sector by 3.41% and has been on a gaining streak for the last three days, accumulating a total return of 15.69% during this period. Additionally, the stock opened with a gain of 2.37% today and reached an intraday high of Rs 29.71. Over the past year, Colab Platforms has generated an impressive return of 316.69%, significantly higher than the market's average return of 2.60%. However, despite these positive indicators, the company faces challenges such as a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 5.76% and a high Price to Book Value ratio of 27.9, suggesting it may be overvalued compared to its peers.
In the broader market context, Colab Platforms' short-term return of 4.43% over the past week significantly outpaces the benchmark Sensex, which has only increased by 1.59% during the same period. This strong performance in the short term contrasts with the stock's substantial decline of 54.22% over the past month, indicating volatility. The rising investor participation, evidenced by a 144.05% increase in delivery volume, suggests growing interest despite the stock's long-term valuation concerns. The lack of domestic mutual fund investment, holding only 0% of the company, may reflect caution among institutional investors regarding the stock's current price levels.