Why is Colab Platforms falling/rising?

As of 10-Jul, Colab Platforms Ltd is experiencing a price increase, currently at 41.46, reflecting a change of 0.81 or 1.99% upward. The stock has shown strong performance, gaining 61.45% over the last 17 consecutive days and outperforming its sector by 1.86% today. Over the past week, the stock has risen by 10.35%, and in the last month, it has increased by 25.03%. Additionally, the company reported significant growth in net sales and profit after tax, with net sales growing at an impressive 4,002.13% over the last nine months. However, it is important to note that the company has a weak long-term fundamental strength, indicated by an average return on equity of 5.76% and a high price-to-book value ratio of 39, suggesting that the stock may be overvalued compared to its peers.
In the broader market context, Colab Platforms' recent performance stands in stark contrast to the benchmark, as it has generated a return of 462.17% over the past year, significantly outperforming the BSE500's return of only 1.46%. This substantial difference highlights the stock's strong momentum in the short term. Despite the impressive returns, the stock's valuation concerns, particularly its high PEG ratio of 4.3, may lead to caution among investors regarding its sustainability. Overall, while the stock is currently rising due to strong short-term performance and positive financial results, its long-term fundamentals raise questions about its valuation and potential future performance.