Why is Colab Platforms falling/rising?

As of 02-Jul, Colab Platforms Ltd is experiencing a price increase, currently at 36.84, reflecting a change of 0.72 or 1.99% upward. The stock has shown strong performance recently, gaining 43.46% over the last 11 consecutive days and outperforming its sector by 3.22% today. In terms of returns, the stock has generated an impressive 361.08% over the past year, significantly surpassing the market's average return of 3.11%. However, it is important to note that while the stock has shown positive results in terms of net sales and profit after tax, it faces challenges with weak long-term fundamental strength, as indicated by an average return on equity (ROE) of 5.76% and a high price-to-book value ratio of 34.6.
In the broader market context, Colab Platforms has outperformed the Sensex with a 10.33% return over the past week compared to the benchmark's 0.79%. Despite this short-term strength, the stock's long-term fundamentals raise concerns, particularly with a PEG ratio of 3.8, indicating that it may be overvalued relative to its earnings growth. The decline in investor participation, with a 40.17% drop in delivery volume against the five-day average, could also signal caution among investors. Overall, while the stock is currently rising, the mixed signals regarding its valuation and long-term performance suggest that investors should remain vigilant.