Why is Frontier Springs falling/rising?

As of 30-Jul, Frontier Springs Ltd is experiencing a significant rise in its stock price, currently at 5,002.55, reflecting an increase of 452.55 or 9.95%. The stock has shown strong performance today, outperforming its sector by 10.08%, and has gained consecutively over the last two days, accumulating a total return of 12.31% during this period. It opened with a gain of 2.15% and reached an intraday high of Rs 5,002.55. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the company has reported impressive financial results, including a 130.89% growth in net profit and consistent positive results over the last seven quarters, which has contributed to its robust performance. However, the stock is considered very expensive with a high Price to Book Value ratio, and domestic mutual funds hold no stake, which may indicate some caution among institutional investors.
In the broader market context, Frontier Springs has outperformed the Sensex, which has declined by 1.50% over the past week while the stock itself has increased by 0.43%. Over the past month, Frontier Springs has gained 6.01% compared to the Sensex's drop of 2.54%. This trend of outperformance is consistent with the stock's year-to-date return of 120.82%, significantly surpassing the Sensex's 4.28%. The strong investor participation, evidenced by a 37.08% increase in delivery volume, further supports the stock's upward momentum, despite the high valuation concerns and lack of domestic mutual fund investment.