Why is Frontier Springs falling/rising?

As of 01-Jul, Frontier Springs Ltd is experiencing a price increase, currently at Rs 4,938.40, reflecting a rise of 219.4 points or 4.65%. The stock has recently hit a new 52-week and all-time high of Rs 5,149, demonstrating strong performance with a 9.11% intraday high. Over the past week, the stock has gained 21.96%, and it has consistently outperformed the sector by 4.59%. The company has shown impressive growth, with a net profit increase of 130.89% and positive results for the last seven consecutive quarters, contributing to a remarkable 221.41% return over the past year. However, the stock is trading at a premium compared to its peers, indicated by a high Price to Book Value of 18.5, which may raise concerns about its valuation.
In the broader market context, Frontier Springs' short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.00% over the same week. This stark contrast highlights the stock's strong momentum and investor confidence. Despite a slight decline in delivery volume, suggesting reduced investor participation, the overall liquidity remains adequate for trading. The company's consistent returns over the last three years further solidify its position, although the lack of domestic mutual fund investment may indicate some caution among institutional investors regarding its current valuation.