Why is Frontier Springs falling/rising?

As of 03-Jul, Frontier Springs Ltd's stock price is currently at Rs 4,983.00, reflecting a decrease of Rs 332.7, or 6.26%. Today, the stock reached a new 52-week and all-time high of Rs 5,434 but has since fallen after three consecutive days of gains. The stock has shown high volatility, trading within a wide range of Rs 590, and has underperformed its sector by 7.31%. Despite a strong performance over the past year with a return of 212.77%, the recent decline may be influenced by a drop in investor participation, as delivery volume fell by 17.07% against the five-day average. While the company has reported outstanding financial results, including a 130.89% growth in net profit and consistent returns over the last three years, its high valuation and lack of domestic mutual fund investment may raise concerns among investors.
In the broader market context, Frontier Springs has outperformed the Sensex significantly over various time frames, including a 27.87% return over the past month compared to the Sensex's 3.10%. However, the recent decline in stock price amidst high volatility suggests that investors may be reacting to the stock's premium valuation and the lack of confidence from domestic mutual funds, which hold no stake in the company. This could indicate a cautious sentiment in the market despite the company's strong historical performance.