Why is Frontier Springs falling/rising?

As of 13-Jun, Frontier Springs Ltd's stock price is rising, currently at 4,099.00, reflecting an increase of 100.05 or 2.5%. Today's price summary indicates that the stock has outperformed its sector by 3.03% and has gained 7.09% over the last two days, despite opening with a loss of 4.85%. The stock reached an intraday high of Rs 4,140, showcasing strong performance against the backdrop of a significant rise in net profit of 130.89% and consistent positive results over the last seven quarters. However, the stock is trading at a premium compared to its peers, which may raise concerns about its valuation.
In the broader market context, Frontier Springs has shown a remarkable return of 75.38% over the past month, significantly outperforming the Sensex, which has remained nearly flat at -0.04%. This strong performance is further highlighted by its year-to-date return of 80.94% compared to the Sensex's 3.81%. The rising investor participation, indicated by a 14.99% increase in delivery volume, suggests growing confidence in the stock, despite the lack of domestic mutual fund investment, which could indicate some caution among institutional investors. Overall, while the stock is experiencing upward momentum, its high valuation relative to peers and the absence of mutual fund backing may pose risks moving forward.