Why is Deep Industries falling/rising?

As of 24-Jun, Deep Industries Ltd is experiencing a price increase, with its current price at 440.60, reflecting a change of 6.45 (1.49%) upwards. The stock has shown strong performance recently, outperforming its sector by 1.96% today and achieving a consecutive gain over the last three days, resulting in a total return of 5.36% during this period. In terms of longer-term performance, the stock has generated a return of 48.55% over the past year and 337.10% over the last three years, consistently outperforming the BSE 500 index. The company has demonstrated healthy growth, with net sales increasing at an annual rate of 31.33% and operating profit rising significantly. Additionally, it has declared positive results for the last four consecutive quarters, which has likely contributed to the recent upward movement in its stock price.
In the broader market context, Deep Industries Ltd's short-term return of 2.64% over the past week significantly outpaces the Sensex's return of 0.58% during the same period. This indicates that the stock is gaining traction relative to the market. However, despite its recent successes, the company faces challenges, such as a high valuation indicated by a Price to Book Value of 1.5 and a relatively low return on equity of 8.8. Furthermore, the absence of domestic mutual fund investment may suggest a lack of confidence among institutional investors regarding the stock's current price. Overall, while the stock is rising due to strong performance and growth metrics, concerns about valuation and investor sentiment could temper its momentum moving forward.