Why is Colab Platforms falling/rising?

As of 03-Jul, Colab Platforms Ltd is experiencing a price increase, with its current price at 37.57, reflecting a change of 0.73 or 1.98% upward. The stock has shown strong performance recently, gaining 46.3% over the last 12 days and outperforming its sector by 2.5% today. In terms of returns, the stock has generated a remarkable 379.51% over the past year, significantly higher than the market's (BSE500) return of 2.20%. However, despite these positive indicators, there are concerns regarding its long-term fundamental strength, as indicated by a low average Return on Equity (ROE) of 5.76% and a high Price to Book Value ratio of 35.3, suggesting that the stock may be overvalued compared to its peers.
In the broader market context, the stock's short-term performance stands in stark contrast to the benchmark, as it has risen by 10.34% over the past week while the Sensex has declined by 0.62%. This divergence highlights the stock's strong market-beating performance in the short term, despite its recent decline in investor participation, with delivery volume dropping by 54.09% against the five-day average. While the stock's liquidity remains adequate for trading, the high PEG ratio of 3.9 indicates potential concerns about its valuation relative to its earnings growth, which could influence investor sentiment moving forward.