Why is Forbes & Co falling/rising?

As of 11-Jun, Forbes & Company Ltd is experiencing a significant rise in its stock price, currently at 445.90, reflecting an increase of 21.2 points or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.45% and achieving a consecutive gain over the last three days with a total return of 15.79%. It opened with a gap up of 4.99% and reached an intraday high of Rs 445.90. Additionally, the stock has demonstrated impressive short-term returns, with a 1-week increase of 17.34% and a 1-month increase of 29.06%. The company has also reported a remarkable growth in net profit of 1091.99% and has declared positive results for the last three consecutive quarters, contributing to the stock's upward momentum.
In the broader market context, Forbes & Company Ltd's recent performance significantly outpaces the benchmark Sensex, which has only increased by 1.87% over the past week and 3.85% over the past month. This stark contrast highlights the stock's strong recovery and investor interest, particularly given its low Debt to EBITDA ratio of 0.92 times and a favorable PEG ratio of 0, indicating a fair valuation compared to peers. Despite a year-to-date decline of 5.11% against the Sensex's 5.60% increase, the stock's recent gains and rising investor participation suggest a positive shift in market sentiment towards the company.