Why is Frontier Springs falling/rising?

As of 14-Jul, Frontier Springs Ltd is experiencing a price increase, currently at 5,053.75, which reflects a rise of 80.3 or 1.61%. The stock has shown strong performance today, reaching an intraday high of Rs 5319.75, marking a 6.96% increase. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a slight decline in investor participation, with delivery volume falling by 12.04% against the 5-day average, the company has reported outstanding results, including a 130.89% growth in net profit and consistent positive results over the last seven quarters. The stock has also provided impressive returns, with a 218.05% increase over the past year, significantly outperforming the BSE500.
In the broader market context, Frontier Springs has outperformed the Sensex, which has declined by 1.42% over the past week, while the stock itself has risen by 2.40%. This strong performance is supported by the company's low debt-to-equity ratio and high return on equity of 33, although it is trading at a premium compared to its peers. The stock's valuation is considered expensive, with a price-to-book value of 18.9, which may raise concerns among investors. Additionally, the lack of domestic mutual fund investment could indicate a cautious sentiment regarding the stock's current price level. Overall, while the stock is rising due to strong financial performance and consistent returns, its high valuation and low institutional interest present potential risks.