Why is Deep Industries falling/rising?

As of 26-Jun, Deep Industries Ltd is experiencing a rise in its stock price, currently at 453.15, reflecting an increase of 8.15 or 1.83%. The stock has shown a strong performance recently, gaining 8.36% over the past week and achieving a consecutive gain for the last five days. It reached an intraday high of Rs 456.25, indicating positive momentum. The company has demonstrated healthy growth with net sales increasing at an annual rate of 31.33% and operating profit growing significantly. Furthermore, it has reported positive results for the last four consecutive quarters, with net sales for the latest six months growing by 43.55% and profit after tax increasing by 36.23%. However, despite these positive indicators, the stock is trading at a premium compared to its peers, which may raise concerns among investors.
In the broader market context, Deep Industries' short-term return of 8.36% over the past week significantly outperforms the Sensex, which has only risen by 2.94% in the same period. This outperformance is indicative of strong investor interest, as evidenced by a 47.54% increase in delivery volume against the five-day average. However, the company faces challenges, such as a low return on equity of 8.8 and a high price-to-book value ratio of 1.6, which may deter some investors. Additionally, the absence of domestic mutual fund investment could suggest a lack of confidence in the stock's valuation. Overall, while the stock is currently rising, these factors may influence its future performance.