Why is Colab Platforms falling/rising?

As of 24-Jun, Colab Platforms Ltd is experiencing a price increase, currently at Rs 32.74, reflecting a rise of 1.55 (4.97%). The stock has shown strong performance recently, gaining 27.49% over the past week and outperforming its sector by 4.05%. It opened with a gain of 3.88% today and reached an intraday high of Rs 32.74. Additionally, the stock has been on a consecutive gain streak for the last five days, and the delivery volume has increased significantly, indicating rising investor participation. Positive financial results, including higher net sales and profits, have contributed to this upward movement, although concerns about its long-term fundamental strength and high valuation persist.
In the broader market context, Colab Platforms has significantly outperformed the benchmark, with a one-year return of 316.80% compared to the BSE 500's return of only 2.98%. This stark contrast highlights the stock's strong market-beating performance. However, despite its impressive short-term gains, the stock's long-term fundamentals are questioned due to a relatively low return on equity and a high price-to-book value, suggesting that while the stock is rising now, there are underlying concerns that could affect its future performance.