Why is Frontier Springs falling/rising?

As of 18-Aug, Frontier Springs Ltd's stock price is rising, currently at 5,299.90, reflecting an increase of 65.05 or 1.24%. The stock has been gaining momentum, having risen 12.62% over the last three days, and it opened today with a gain of 2.01%. It is trading above all its moving averages and is close to its 52-week high, being only 3.21% away from it. The company has shown outstanding financial performance, with a net profit growth of 111.17% and positive results for the last eight consecutive quarters. However, it is trading at a premium compared to its peers, which may raise concerns about its valuation despite its strong returns.
In the broader market context, Frontier Springs has significantly outperformed the Sensex, with a year-to-date return of 133.94% compared to the benchmark's 4.01%. Over the past week, the stock has increased by 8.17%, while the Sensex has only risen by 0.83%. This strong performance may be attributed to rising investor participation, as indicated by a substantial increase in delivery volume. However, the lack of domestic mutual fund investment could suggest some caution among institutional investors regarding the stock's current price levels. Overall, while the stock is experiencing upward momentum, its high valuation and low institutional ownership may present risks moving forward.