Why is Forbes & Co falling/rising?

As of 05-Jun, Forbes & Company Ltd is experiencing a price increase, currently at Rs 387.95, reflecting a rise of Rs 7.95 or 2.09%. The stock has shown a strong performance today, outperforming its sector by 1.63% and reaching an intraday high of Rs 395, which is a 3.95% increase. Despite a slight decline of 0.53% over the past week, the stock has gained 4.47% over the last month. The company has demonstrated impressive financial results, including a remarkable 1091.99% growth in net profit and consistent positive results over the last three quarters, which have positively influenced investor sentiment. Additionally, the stock's low Debt to EBITDA ratio of 0.92 times and a PEG ratio of 0 suggest a strong ability to service debt and favorable valuation compared to peers.
In the broader market context, the Sensex has decreased by 0.23% over the past week, indicating that Forbes & Company Ltd's short-term performance is relatively stronger than the benchmark. While the stock has underperformed the Sensex year-to-date with a decline of 17.44%, its long-term performance over three years shows a significant increase of 165.47%, which contrasts sharply with the benchmark's 46.03% rise. The rising investor participation, evidenced by an 86.37% increase in delivery volume, further supports the stock's upward movement, suggesting growing confidence among investors despite its recent historical underperformance.