Why is Colab Platforms falling/rising?

As of 01-Jul, Colab Platforms Ltd is currently priced at 36.12, reflecting an increase of 0.7 or 1.98%. The stock has been on a positive trajectory, gaining for the last 10 days and achieving a remarkable 40.65% return during this period. Additionally, it has outperformed its sector by 2.12% today. Over the past year, the stock has generated an impressive return of 343.19%, significantly higher than the market's average return of 3.20%. However, despite these positive indicators, there are concerns regarding the company's long-term fundamental strength, as evidenced by its average Return on Equity (ROE) of 5.76% and a high Price to Book Value ratio of 34, suggesting that the stock may be overvalued compared to its peers.
In the broader market context, Colab Platforms has outperformed the benchmark Sensex in the short term, with a 10.32% return over the past week compared to the Sensex's 2.00%. However, the stock has experienced a decline of 23.88% over the past month, contrasting with the Sensex's 2.76% increase during the same period. This disparity highlights the stock's volatility and potential investor concerns, particularly given the falling investor participation, as indicated by a 53.42% drop in delivery volume against the 5-day average. While the stock's recent performance is strong, the combination of high valuation metrics and weak long-term fundamentals may lead to caution among investors.