Why is Colab Platforms falling/rising?

As of 30-Jun, Colab Platforms Ltd is experiencing a price increase, currently at 35.42, with a change of 0.69, representing a 1.99% rise. The stock has shown strong performance recently, gaining 37.93% over the last nine days and outperforming its sector by 1.47% today. Despite a significant decline of 25.35% over the past month, the stock has impressive year-to-date returns of 124.75% and an extraordinary 325.98% increase over the past year. Positive financial results, including higher net sales and profits, have contributed to this upward movement, although the company faces concerns regarding its long-term fundamental strength, indicated by a low return on equity and a high price-to-book value ratio.
In the broader market context, Colab Platforms' short-term performance of 13.56% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. This indicates that while the stock is currently rising, it has experienced volatility in the longer term, as evidenced by its 25.35% decline over the past month compared to the Sensex's 2.65% increase. The stock's remarkable year-over-year performance of 325.98% also highlights its ability to generate substantial returns relative to the broader market, which has only seen a 3.95% increase. However, the concerns regarding its valuation and declining investor participation may pose risks to its future performance.