Why is Deep Industries falling/rising?

As of 01-Jul, Deep Industries Ltd is experiencing a price increase, currently at 445.00, reflecting a rise of 6.0 or 1.37%. Today's performance indicates that the stock has outperformed its sector by 1.01% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 449.1, and its delivery volume has increased by 5.67% compared to the five-day average, suggesting rising investor participation. Additionally, the company has demonstrated strong financial health with a significant annual growth rate in net sales and operating profit, alongside positive results for the last four consecutive quarters, contributing to its recent upward movement.
In the broader market context, the stock's one-week return of +1.00% is lower than the Sensex's +2.00%, while its one-month return of +3.36% exceeds the benchmark's +2.76%. Despite a year-to-date decline of -18.86% compared to the Sensex's +7.11%, the stock has shown impressive long-term performance with a 54.22% return over the past year and a staggering 354.31% over three years. However, concerns regarding its high valuation, as indicated by a Price to Book Value of 1.6 and low domestic mutual fund interest, may temper investor enthusiasm moving forward.