Why is Colab Platforms falling/rising?

As of 26-Jun, Colab Platforms Ltd is experiencing a price increase, currently at 34.05, reflecting a rise of 0.66 or 1.98%. The stock has shown strong performance recently, gaining 32.59% over the last seven days and outperforming its sector by 0.65% today. Despite a significant decline of 41.44% over the past month, the stock has generated an impressive return of 293.64% over the past year, significantly higher than the market's return of 4.11%. Positive financial results, including higher net sales and profits, have contributed to this upward movement, although the stock's long-term fundamental strength is questioned due to a low return on equity and high valuation metrics.
In the broader market context, Colab Platforms' short-term return of 20.32% over the past week significantly outpaces the Sensex's return of 2.94% during the same period. This indicates that while the stock is currently rising, it has faced challenges in the longer term, as evidenced by its substantial drop in the past month. The stock's liquidity remains adequate for trading, but a notable decline in investor participation suggests caution among investors. Overall, the recent gains appear to be driven by positive short-term performance and financial results, despite underlying concerns regarding valuation and long-term fundamentals.