Why is Frontier Springs falling/rising?

As of 10-Jul, Frontier Springs Ltd is experiencing a price increase, currently at 5,110.00, reflecting a rise of 116.9 or 2.34%. The stock has shown strong performance today, outperforming its sector by 2.36% and achieving a consecutive gain over the last three days with a total return of 3.54%. It reached an intraday high of Rs 5140, and it is trading above all key moving averages, indicating positive momentum. Over the past week, the stock has increased by 2.55%, and it has delivered impressive returns of 219.57% over the past year, significantly outperforming the BSE500 index. The company has also reported outstanding financial results, with a net profit growth of 130.89% and consistent positive results for the last seven quarters, which supports the stock's upward movement.
In the broader market context, while the Sensex has shown a slight decline of 0.06% over the past week, Frontier Springs has managed to rise, highlighting its strong performance relative to the market. However, there are some concerns regarding investor participation, as the delivery volume has fallen significantly by 60.72% against the five-day average, which may indicate a decrease in interest among investors. Additionally, despite the company's strong financial performance, it is trading at a premium compared to its peers, with a high Price to Book Value of 19.2, which could be a risk factor for potential investors. The lack of domestic mutual fund investment may also suggest caution among institutional investors regarding the stock's current valuation.