Why is Colab Platforms falling/rising?

As of 17-Jul, Colab Platforms Ltd is experiencing a price increase, currently at 45.74, reflecting a rise of 0.89 or 1.98%. The stock has shown impressive performance, gaining 69.66% over the last 21 days and outperforming its sector by 2.31% today. Over the past year, it has generated a remarkable return of 520.20%, significantly higher than the market's return of 0.26%. Positive financial results, including higher net sales and record profits, have contributed to this upward movement, although the stock faces concerns regarding its long-term fundamental strength, as indicated by a relatively low return on equity and high valuation metrics.
In the broader market context, Colab Platforms has outperformed the benchmark Sensex, which has declined by 1.12% over the past week while the stock has surged by 10.32%. This stark contrast highlights the stock's strong momentum in a challenging market environment. However, the recent decline in investor participation, as evidenced by a drop in delivery volume, may pose a risk to its continued ascent. Despite these challenges, the stock's liquidity remains adequate for trading, suggesting that it can still attract investor interest amidst its strong performance metrics.