Why is Eco Recyc. falling/rising?

As of 04-Sep, Eco Recycling Ltd's stock price is rising, currently at Rs 627.00, reflecting an increase of Rs 29.0 or 4.85%. The stock has shown a positive performance today, outperforming its sector by 4.45% and has been on a consecutive gain streak for the last three days, accumulating a total return of 6.32% during this period. It opened with a gap up of 3.51% and reached an intraday high of Rs 654.8, which is a 9.5% increase. Despite a year-to-date decline of 35.43% and a one-year drop of 36.90%, the stock has demonstrated strong long-term growth with a remarkable 503.46% increase over three years. However, it faces challenges due to negative quarterly results, including a significant drop in profit before tax and net sales.
Broader market context shows that while the Sensex has only increased by 0.80% over the past week, Eco Recycling Ltd has outperformed this benchmark with a 6.00% gain. The stock's liquidity appears adequate for trading, and rising investor participation is indicated by a 28.17% increase in delivery volume. However, the stock's high valuation, reflected in a Price to Book Value of 13.8, raises concerns, especially given its underperformance compared to the broader market over the past year. The lack of domestic mutual fund investment may also suggest caution among institutional investors regarding the stock's current valuation and business outlook.