Why is Netweb Technol. falling/rising?

As of 05-Sep, Netweb Technologies India Ltd is experiencing a significant rise in its stock price, currently at Rs 3,082.50, reflecting an increase of Rs 432.4 or 16.32%. The stock has recently hit a new 52-week and all-time high of Rs 3,180.1, showcasing a strong performance today with a 20% intraday high. Over the past week, the stock has gained 39.64%, significantly outperforming the sector by 17.53%. Positive factors contributing to this upward movement include strong long-term fundamentals, with an average Return on Equity (ROE) of 21.48%, and consistent positive results over the last eight quarters. However, the stock's high valuation, indicated by a Price to Book Value of 34, and a decrease in institutional investor participation by 2.23% may pose risks.
Broader market context shows that while the BSE500 has generated negative returns of -4.41% over the past year, Netweb Technologies has managed to achieve a return of 16.85%, indicating its resilience against broader market trends. The stock's performance over the last month has been particularly strong, with a 39.61% increase, contrasting sharply with the Sensex, which has remained flat during the same period. This divergence highlights the stock's ability to attract investor interest despite broader market challenges, further supported by rising delivery volumes and trading above key moving averages.