Why is Colab Platforms falling/rising?

As of 14-Jul, Colab Platforms Ltd is experiencing a price increase, currently at 43.12, reflecting a change of 0.84 or 1.99% upward. The stock has shown impressive performance, gaining 67.91% over the last 19 consecutive days and outperforming its sector by 1.91% today. Over the past year, it has generated a remarkable return of 486.67%, significantly higher than the market's average return of 0.26%. Positive financial results, including higher net sales and record profits, have contributed to this upward momentum, although the company faces concerns regarding its long-term fundamental strength, indicated by a relatively low return on equity of 5.76% and a high price-to-book value ratio.
In the broader market context, Colab Platforms has outperformed the benchmark Sensex, which has seen a decline of 1.42% over the past week, while the stock itself has risen by 10.34% in the same timeframe. This stark contrast highlights the stock's strong performance relative to the market. Despite its recent gains, the stock's high valuation metrics, including a PEG ratio of 4.4, suggest that it may be trading at a premium compared to its peers, which could raise concerns for some investors looking for long-term stability.