Why is Doms Industries falling/rising?

As of 04-Sep, Doms Industries Ltd is experiencing a significant rise in its stock price, currently at 2,695.00, reflecting an increase of 195.55 or 7.82%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 10.91% during this period. It opened with a notable gain of 9.77% today and reached an intraday high of Rs 2,750. The company has outperformed its sector by 4.78%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the company has demonstrated robust financial health, with a low debt-to-equity ratio and impressive growth in net sales and operating profit, which has contributed positively to investor sentiment.
In the broader market context, Doms Industries has outperformed the Sensex, which has only increased by 0.80% over the past week, while Doms Industries has surged by 10.22%. Over the last month, the stock has gained 13.96%, contrasting with the Sensex's decline of 0.37%. The high institutional holdings at 25.32% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward movement. However, it is worth noting that the stock's valuation appears expensive with a high Price to Book Value ratio, which could pose risks if market conditions change.