Why is Frontier Springs falling/rising?

As of 08-Jul, Frontier Springs Ltd is experiencing a price increase, currently at 4,957.00, reflecting a rise of 21.75 or 0.44%. Today's price summary indicates that the stock outperformed its sector by 1.05%, despite touching an intraday low of Rs 4,815, which represents a decline of 2.44%. Over the past week, the stock has shown a modest gain of 0.38%, while its performance over the last month has been significantly stronger at 22.47%. The company has demonstrated robust financial health, with a net profit growth of 130.89% and consistent positive results over the last seven quarters. However, the stock's high valuation, indicated by a Price to Book Value of 18.6, may raise concerns among investors, especially given the low domestic mutual fund participation.
In the broader market context, Frontier Springs has outperformed the Sensex, which has only increased by 0.02% over the past week. The stock's year-to-date return of 118.81% and a remarkable 213.70% return over the past year further highlight its strong performance relative to the benchmark. While the stock has shown impressive returns, the falling investor participation, with a significant drop in delivery volume, could indicate a potential risk for future price stability. Overall, while the company’s strong financial results and consistent returns contribute positively to its stock price movement, the high valuation and low mutual fund interest may temper investor enthusiasm.