Why is Netweb Technol. falling/rising?

As of 18-Sep, Netweb Technologies India Ltd is experiencing a price increase, currently at Rs 3,040.05, which reflects a rise of Rs 111.65 or 3.81%. The stock has shown strong performance today, outperforming its sector by 3.11% and achieving a consecutive gain over the last two days with a total return of 7%. It reached an intraday high of Rs 3,053, indicating positive momentum. Over the past month, the stock has surged by 40.90%, significantly outpacing the benchmark Sensex, which has only increased by 2.14%. The company has demonstrated robust long-term fundamentals, with a healthy average Return on Equity (ROE) of 21.48% and impressive growth in net sales and operating profit. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 22.18% against the five-day average.
In the broader market context, while Netweb Technologies has outperformed the Sensex in the short term, the benchmark has shown a modest increase of 1.80% over the past week compared to the stock's 1.29% rise. Despite the stock's strong performance, there are concerns regarding its valuation, as it trades at a premium compared to its peers, with a Price to Book Value of 32.6. Additionally, institutional investors have reduced their stake by 2.23%, which could indicate a lack of confidence among more experienced investors. This combination of strong performance metrics and potential valuation concerns contributes to the stock's current upward movement, despite the noted decline in institutional participation.