Why is Colab Platforms falling/rising?

As of 08-Jul, Colab Platforms Ltd is experiencing a price increase, currently at 39.86, reflecting a change of 0.78 or 2.0% upward. The stock has shown a strong performance recently, with a consecutive gain over the last 15 days, resulting in a remarkable 55.22% return during this period. Additionally, the stock has outperformed its sector by 2.05% today. Over the past year, it has generated an impressive return of 440.11%, significantly surpassing the market's return of 1.98%. Positive financial results, including a staggering 4,002.13% growth in net sales and a higher profit after tax, have contributed to the stock's upward momentum, despite concerns regarding its long-term fundamental strength and high valuation metrics.
In the broader market context, Colab Platforms' short-term performance stands in stark contrast to the benchmark, with a 10.35% return over the past week compared to a mere 0.02% for the Sensex. This significant outperformance highlights investor confidence in the stock, driven by its recent financial successes and rising investor participation, as evidenced by a 17.87% increase in delivery volume. However, the stock's high price-to-book value and average return on equity raise caution among some investors, suggesting that while the stock is currently rising, there are underlying concerns about its long-term sustainability and valuation compared to peers.