Why is Colab Platforms falling/rising?

As of 18-Jul, Colab Platforms Ltd is experiencing a price increase, currently at 46.65, reflecting a rise of 0.91 or 1.99%. The stock has shown impressive performance, gaining 64.84% over the last 21 days and outperforming its sector by 2.28% today. Over the past week, the stock has surged by 10.34%, and it has delivered a staggering 526.17% return over the past year, significantly outpacing the BSE500 benchmark, which has seen negative returns of -0.36%. Positive financial results, including a net sales increase to Rs 43.67 crore and the highest quarterly PAT at Rs 0.95 crore, have contributed to this upward momentum. However, concerns about weak long-term fundamental strength, indicated by a low average Return on Equity (ROE) of 5.76% and a high Price to Book Value ratio of 43.9, may temper investor enthusiasm.
In the broader market context, while Colab Platforms has demonstrated remarkable short-term returns, the Sensex has declined by 0.90% over the same week. This stark contrast highlights the stock's ability to thrive despite a challenging market environment. The stock's liquidity remains adequate for trading, although there has been a decline in delivery volume, which could suggest a potential decrease in investor participation. The lack of domestic mutual fund investment, holding only 0% of the company, raises questions about the stock's valuation and long-term prospects, indicating that institutional investors may be cautious about its current price level.