Why is Elitecon Inter. falling/rising?

As of 25-Jun, Elitecon International Ltd's stock price is rising, currently at Rs 56.15, reflecting an increase of 2.65 (4.96%). The stock has been on an upward trend, gaining 13.69% over the last three days and outperforming its sector by 3.72% today. It opened with a gain of 3.55% and reached an intraday high of Rs 56.15. The stock has shown impressive returns over various periods, including a 53.42% increase over the past month and a staggering 452.39% year-to-date. The company has also reported outstanding results, with a net sales growth of 170.65% and positive results for the last five consecutive quarters, which have likely contributed to the stock's upward movement. However, it is important to note that the stock is trading below its moving averages, indicating potential volatility.
In the broader market context, Elitecon's short-term performance has significantly outpaced the Sensex, which has only increased by 1.61% over the past week. The stock's strong institutional holdings at 38.41% suggest confidence from larger investors, who typically have more resources to analyze company fundamentals. Despite the positive momentum, the stock's high valuation, indicated by a price-to-book value of 56 and a return on equity of 43.5%, raises concerns about its sustainability. Additionally, while the stock has generated a return of 0.00% over the past year, its profits have fallen by 0%, which could pose risks if the growth does not continue.