Why is Elantas Beck falling/rising?

As of 27-Jun, Elantas Beck India Ltd's stock price is rising, currently at 12,613.05, reflecting an increase of 214.05 or 1.73%. The stock has demonstrated strong performance recently, gaining 15.08% over the last seven days and outperforming its sector by 0.81% today. It has also shown impressive returns over the past month, with a 32.72% increase, and has consistently outperformed the BSE 500 in the last three annual periods. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 15.14%, and a low debt-to-equity ratio, which supports its positive outlook. However, concerns about long-term growth persist, as net sales have only grown at an annual rate of 14.19% over the past five years, and recent financial results indicate a decline in profits.
Broader market context shows that while Elantas Beck has outperformed the Sensex in the short term, with a 10.97% return over the past week compared to the Sensex's 2.00%, it has underperformed on a year-to-date basis, with a decline of 1.46% versus the Sensex's gain of 7.58%. This disparity highlights the stock's volatility and the mixed sentiment among investors regarding its long-term growth potential. Despite the recent gains, the stock's valuation appears high relative to its earnings, which may temper investor enthusiasm moving forward.