Why is Colab Platforms falling/rising?

As of 25-Jun, Colab Platforms Ltd is experiencing a price increase, currently at 33.39, reflecting a change of 0.65 or 1.99% upward. The stock has shown strong performance recently, gaining 30.02% over the last six days and outperforming its sector by 1.38% today. In terms of returns, the stock has generated an impressive 305.22% over the past year, significantly surpassing the BSE 500's return of 3.43%. Positive financial results, including higher net sales and profits, have contributed to this upward movement, although concerns about weak long-term fundamental strength and high valuation metrics, such as a Price to Book Value of 31.4, may temper enthusiasm among investors.
In the broader market context, Colab Platforms' short-term return of 23.85% over the past week stands in stark contrast to the Sensex's modest gain of 1.61% during the same period, highlighting the stock's strong relative performance. Despite its recent gains, the stock's long-term fundamentals raise caution, particularly with an average Return on Equity of 5.76% and a PEG ratio of 3.4, suggesting that while current momentum is positive, the stock may be trading at a premium compared to its peers.