Why is Frontier Springs falling/rising?

As of 25-Jun, Frontier Springs Ltd is experiencing a significant rise in its stock price, currently at 4,454.10, reflecting an increase of 404.9 or 10.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 8.1%. It has shown strong performance over the last two days, gaining 12.92%, and opened with a 2% gain today. Additionally, the stock has consistently outperformed the benchmark Sensex, with returns of 74.67% over the past month and 177.00% over the past year. The company has reported outstanding financial results, including a 130.89% growth in net profit and the highest quarterly net sales and operating profit margins, which contribute positively to investor sentiment. However, the stock is trading at a premium compared to its peers, indicated by a high Price to Book Value ratio of 16.7, which may raise concerns about its valuation.
In the broader market context, Frontier Springs has significantly outperformed the Sensex, which has only gained 1.27% over the past month and 6.02% over the past year. This stark contrast highlights the stock's strong momentum relative to the market. Despite the impressive returns, the falling investor participation, as indicated by a decrease in delivery volume, suggests some caution among investors. Additionally, the lack of domestic mutual fund investment may indicate a lack of confidence at the current price levels, which could pose risks for future price movements. Overall, while the stock is currently rising due to strong financial performance and market outperformance, there are underlying concerns regarding valuation and investor sentiment that could impact its trajectory.