Why is Frontier Springs falling/rising?

As of 04-Jul, Frontier Springs Ltd is experiencing a price increase, currently at 5,128.95, which reflects a rise of 145.95 or 2.93%. The stock has shown strong performance today, outperforming its sector by 2.26%, with an intraday high of Rs 5180, marking a 3.95% increase. Over the past week, the stock has risen by 11.56%, and it has delivered an impressive 223.81% return over the last year, consistently outperforming the BSE500 index. The company has demonstrated robust financial health, with a significant net profit growth of 130.89% and positive results for the last seven consecutive quarters, contributing to investor confidence and driving the stock's upward movement.
In the broader market context, while the Sensex has declined by 0.74% over the past week, Frontier Springs has managed to significantly outperform this benchmark, indicating strong investor interest and confidence in the company. Despite its high valuation metrics, such as a Price to Book Value of 19.2, the stock's performance is bolstered by its consistent returns and low debt levels. However, the lack of domestic mutual fund investment may suggest some caution among institutional investors regarding the stock's current price. Overall, the combination of strong financial results and positive market sentiment has contributed to the stock's rising price.