Why is Le Travenues falling/rising?

As of 12-Aug, Le Travenues Technology Ltd's stock price is rising, currently at Rs 252.25, reflecting an increase of Rs 13.8 or 5.79%. The stock has recently hit a new 52-week and all-time high of Rs 263, demonstrating strong performance with a 10.3% intraday high. Over the past week, the stock has gained 4.75%, and in the last month, it has surged by 44.06%. The company has shown consistent growth, with net sales increasing at an annual rate of 53.20% and operating profit at 58.38%. Additionally, high institutional holdings at 70.84% indicate strong confidence from significant investors, further supporting the stock's upward momentum.
In the broader market context, while the Sensex has declined by 0.59% over the past week, Le Travenues has outperformed the sector by 3.35%. The stock's performance is particularly notable given that it has generated a return of 57.02% over the past year, contrasting sharply with the negative returns of -2.11% from the broader market (BSE500). However, there are some risks, including a high valuation with a Price to Book Value of 15.5 and a relatively low return on equity of 8.9, which could temper future growth expectations. Despite these concerns, the recent positive results and strong institutional backing have contributed to the stock's rising price.