Why is Frontier Springs falling/rising?

As of 02-Jul, Frontier Springs Ltd is experiencing a significant rise in its stock price, currently at Rs 5,315.70, reflecting an increase of 377.3 points or 7.64%. The stock has recently hit a new 52-week and all-time high of Rs 5,400, showing strong performance today with a 9.35% intraday high. Over the past week, the stock has gained 19.34%, and it has outperformed the sector by 6.87%. The company has demonstrated consistent positive results, with a net profit growth of 130.89% and outstanding performance over the last seven quarters, contributing to a robust return of 231.53% over the past year. However, it is trading at a premium valuation compared to its peers, which may raise concerns among some investors.
In the broader market context, while the Sensex has only increased by 0.79% over the past week, Frontier Springs has significantly outperformed this benchmark, indicating strong investor interest and confidence in the company's growth potential. The stock's high volatility today, with an intraday volatility of 5.88%, suggests active trading and investor engagement. Despite the positive momentum, the lack of domestic mutual fund investment may indicate some caution regarding the stock's valuation, as these funds typically conduct thorough research before committing capital. Overall, the combination of strong financial performance and investor participation is driving the stock's rise, despite some valuation concerns.