Why is Deep Industries falling/rising?

As of 13-Jun, Deep Industries Ltd's stock price is rising, currently at 441.85, reflecting an increase of 10.6 or 2.46%. The stock has shown strong performance recently, gaining 5.14% over the past week and 7.68% over the last month, while outperforming its sector by 3.22% today. It has been on a consecutive gain streak for the last five days, reaching an intraday high of Rs 452. The company has demonstrated healthy growth with net sales increasing at an annual rate of 31.33% and operating profit growing at 130.54%. Additionally, the stock has generated a remarkable 47.04% return over the past year, consistently outperforming the BSE 500 index.
In the broader market context, while Deep Industries has performed well in the short term, the benchmark Sensex has seen a decline of 1.30% over the past week and a negligible change of -0.04% over the past month. This indicates that the stock's rise is particularly notable against a backdrop of broader market weakness. However, concerns remain regarding its valuation, as the stock is trading at a premium compared to its peers, and domestic mutual funds hold no stake in the company, which may reflect caution among institutional investors. Despite these factors, the stock's strong recent performance and positive financial results have contributed to its upward movement.