Why is Le Travenues falling/rising?

As of 23-Sep, Le Travenues Technology Ltd's stock price is currently at 278.50, reflecting a slight increase of 0.1 (0.04%). The stock has shown a performance today that outperformed its sector by 1.22%. It is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is below its 20-day moving average. Despite a notable decline in investor participation, with delivery volume falling by 64.45% against the 5-day average, the stock has demonstrated strong long-term growth, with net sales increasing at an annual rate of 53.20% and operating profit at 58.38%. The company has consistently reported positive results over the last four quarters, contributing to its impressive year-to-date return of 66.02% and a remarkable 100.14% return over the past year, significantly outperforming the broader market.
In the broader market context, while the Sensex has experienced a slight decline of 0.34% over the past week, Le Travenues has risen by 2.03%, indicating strong relative performance. The stock's high institutional holdings at 70.84% suggest confidence from knowledgeable investors, further supporting its price movement. However, the stock's valuation appears expensive with a price-to-book value of 17.1, and while it has generated substantial returns, its profits have only increased by 19% over the same period. This discrepancy may raise concerns about sustainability, but the overall positive growth indicators and market-beating performance continue to drive investor interest.