Why is Netweb Technol. falling/rising?

As of 10-Sep, Netweb Technologies India Ltd is experiencing a price increase, currently at Rs 3,131.90, reflecting a rise of Rs 73.25 or 2.39%. The stock has shown strong performance today, reaching an intraday high of Rs 3,217.95, which is a 5.21% increase. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Over the past week, the stock has surged by 23.85%, and in the last month, it has increased by 48.96%. The company has demonstrated strong long-term fundamentals, with a healthy return on equity of 21.48% and consistent positive results over the last eight quarters, contributing to its recent upward movement. However, there are concerns regarding its high valuation, as indicated by a Price to Book Value of 33.2, and a decrease in institutional investor participation, which could impact future performance.
In the broader market context, Netweb Technologies has significantly outperformed the benchmark Sensex, which has only increased by 1.06% over the past week and 1.96% over the past month. While the stock has generated a return of 15.40% over the past year, the broader market (BSE500) has seen negative returns of -2.89%, highlighting the company's ability to thrive despite challenging market conditions. The IT - Software sector has also gained by 2.56%, supporting the stock's positive momentum. However, the decline in institutional investor stakes may pose a risk to sustained growth, as these investors typically have a deeper understanding of market fundamentals.