Why is Frontier Springs falling/rising?

As of 22-Jul, Frontier Springs Ltd is experiencing a decline in its stock price, currently at 5,163.05, which represents a decrease of 36.95 or 0.71%. Today's price summary indicates that the stock has fallen after two consecutive days of gains, touching an intraday low of Rs 5052.05. Despite this decline, the stock has outperformed its sector by 0.35% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 3.05%, and it has generated impressive returns of 245.24% over the last year, significantly outperforming the BSE500 index. However, the stock's valuation appears expensive, with a high Price to Book Value of 19.3, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence at current price levels.
In the broader market context, while Frontier Springs has outperformed the Sensex with a year-to-date return of 127.90% compared to the index's 5.18%, the recent short-term performance shows a contrast, as the stock has fallen despite a generally positive trend. The stock's recent price movement may be influenced by its high valuation metrics and the lack of domestic mutual fund investment, which could signal caution among institutional investors. Overall, while the company has demonstrated strong financial performance with consistent profit growth and positive results over the last seven quarters, the current price decline may reflect investor concerns regarding its valuation relative to peers and the absence of significant institutional backing.