Why is Indo Thai Sec. falling/rising?

As of 18-Nov, Indo Thai Securities Ltd's stock price is rising, currently at Rs 441.85, reflecting an increase of Rs 21.0 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.77% and has been on a consecutive gain streak for the last four days, accumulating a total return of 21.5% during this period. Additionally, the stock has opened with a gain of 4.99% and has consistently traded at this price level. Over the past week, Indo Thai Securities has delivered an impressive return of 18.20%, significantly outperforming the Sensex, which only increased by 0.96%. The company has demonstrated robust long-term growth, with a 42.62% CAGR in operating profits and a remarkable 101.23% growth in net sales over the last six months, contributing to positive investor sentiment.
In the broader market context, Indo Thai Securities has outperformed the benchmark indices significantly over various time frames, including a staggering 315.35% return over the past year compared to the Sensex's 9.48%. This strong performance has attracted increased participation from institutional investors, who have raised their stakes in the company. However, it is important to note that the stock is trading at a premium valuation, with a Price to Book Value of 24.8, which may raise concerns among some investors regarding its sustainability. Despite this, the overall market sentiment remains positive, bolstered by the company's strong fundamentals and consistent performance.