Why is Frontier Springs falling/rising?

As of 26-Jun, Frontier Springs Ltd's stock price is rising, currently at Rs 4,689.90, reflecting an increase of 235.8 points or 5.29%. The stock has recently hit a new 52-week and all-time high of Rs 4,848, demonstrating strong performance with an 18.9% return over the last three days. It has outperformed its sector by 4.96% today and opened with a significant gain of 7.74%. The stock has shown impressive returns over various periods, including a 52.36% increase over the past month and a staggering 195.06% over the last year. The company's low debt-to-equity ratio and outstanding financial results, including a 130.89% growth in net profit, contribute positively to its rising stock price, despite its high valuation metrics compared to peers.
In the broader market context, Frontier Springs has significantly outperformed the Sensex, which has only increased by 2.94% over the past week, while the stock itself has risen by 15.80%. This strong relative performance indicates robust investor confidence in the company. However, it is worth noting that domestic mutual funds hold no stake in the company, which may suggest some caution among institutional investors regarding its current valuation. Despite this, the stock's consistent returns and rising investor participation, as evidenced by a 283.16% increase in delivery volume, indicate a positive sentiment in the market, further supporting its upward price movement.