Why is Indo Thai Sec. falling/rising?

As of 04-Sep, Indo Thai Securities Ltd is experiencing a price increase, currently at 162.95, reflecting a rise of 7.45 (4.79%). The stock has shown strong performance today, outperforming its sector by 4.38% and has been on a consecutive gain streak for the last two days, accumulating a total return of 10.03% in this period. The stock opened with a significant gain of 4.98% and reached an intraday high of Rs 163.25. Despite a decline of 15.88% over the past month, the stock has demonstrated impressive long-term growth with a year-to-date increase of 27.97% and an astounding 233.54% return over the past year. The company's recent positive financial results, including a substantial growth in net sales and cash reserves, alongside a strong long-term operating profit growth rate of 27.95%, have contributed positively to the stock's recent upward movement. However, concerns about its high valuation, reflected in a low return on equity and a significant drop in profits over the past year, may temper investor enthusiasm.
In the broader market context, Indo Thai Securities Ltd has outperformed the Sensex in the short term, with a 1-week return of +1.84% compared to the benchmark's +0.80%. This indicates that while the stock is rising, it is doing so in a market that is also experiencing positive movements, albeit at a slower pace. The stock's liquidity is sufficient for trading, and the increased delivery volume suggests rising investor participation, which may further bolster its price. However, the lack of domestic mutual fund investment could signal caution among institutional investors, potentially impacting future price movements.