Why is Le Travenues falling/rising?

As of 18-Jul, Le Travenues Technology Ltd's stock price is rising, currently at Rs 217.40, reflecting an increase of Rs 2.95 or 1.38%. The stock has recently hit a new 52-week and all-time high of Rs 226.2, demonstrating strong performance with a 5.48% intraday gain. Over the past three days, the stock has gained 23.45%, significantly outperforming its sector by 0.9%. Additionally, the stock has shown impressive returns over various periods, including a 24.16% increase over the past week and a 29.60% rise year-to-date. The company's positive financial results, including a 10.67% growth in net sales and consistent positive quarterly results, along with a low debt-to-equity ratio and high institutional holdings at 69.22%, contribute to the stock's bullish momentum.
In the broader market context, while the BSE500 index has experienced a slight decline of 0.36% over the past year, Le Travenues has managed to generate a robust return of 25.66%, indicating strong market-beating performance. This contrast highlights the stock's resilience and attractiveness to investors, particularly in light of its healthy long-term growth prospects and rising investor participation, evidenced by a significant increase in delivery volume. However, it is worth noting that the stock's valuation appears expensive with a price-to-book value of 13.4, which may pose risks if profit growth does not keep pace with its stock price increase.