Why is Deep Industries falling/rising?

As of 03-Jul, Deep Industries Ltd's stock price is rising, currently at Rs 456.75, reflecting an increase of Rs 8.75 or 1.95%. The stock has shown a positive performance today, outperforming its sector by 1.75%, and has been on a consecutive gain streak for the last three days, accumulating a total return of 4.04% during this period. Additionally, the stock has demonstrated strong long-term growth, with net sales increasing at an annual rate of 31.33% and operating profit rising by 130.54%. The company has also reported positive results for the last four consecutive quarters, with net sales and profit after tax showing significant growth in the latest six months. However, despite these positive indicators, the stock is considered to have a very expensive valuation relative to its peers, which may affect investor sentiment.
In the broader market context, Deep Industries has outperformed the benchmark Sensex over the past week, with a return of 0.79% compared to the Sensex's decline of 0.62%. While the stock has generated a substantial return of 58.73% over the past year, it has underperformed the benchmark year-to-date, with a decline of 16.72% against the Sensex's increase of 6.53%. The falling investor participation, as indicated by a 30.21% drop in delivery volume, could signal caution among investors, particularly given that domestic mutual funds hold no stake in the company, which may reflect a lack of confidence at current price levels.