Why is Frontier Springs falling/rising?

As of 30-Jun, Frontier Springs Ltd's stock price is rising, currently at Rs 4,719.00, with an increase of Rs 121.35, or 2.64%. The stock has shown strong performance today, opening with a gain of 2.94% and reaching an intraday high of Rs 4,745. It is also close to its 52-week high, being only 3.84% away from Rs 4,900. Over the past week, the stock has surged by 19.63%, and it has delivered remarkable returns of 201.60% over the past year, significantly outperforming the BSE 500 index. Positive factors contributing to this rise include a low debt-to-equity ratio, outstanding net profit growth of 130.89%, and consistent positive results over the last seven quarters, which have bolstered investor confidence.
In the broader market context, Frontier Springs has outperformed the Sensex, which has only increased by 2.09% over the past week. The stock's strong liquidity and rising investor participation, evidenced by a 30.34% increase in delivery volume, further support its upward movement. However, it is important to note that the stock is trading at a premium compared to its peers, with a high price-to-book value, which may indicate overvaluation concerns among some investors. Additionally, the lack of domestic mutual fund investment could suggest caution from institutional investors regarding the stock's current price level.