Why is Netweb Technol. falling/rising?

As of 19-Sep, Netweb Technologies India Ltd is experiencing a price increase, with its current price at Rs 3,280.10, reflecting a rise of Rs 240.05 or 7.9%. The stock has shown strong performance today, outperforming its sector by 8.3% and gaining 15.44% over the last three days. It is also trading close to its 52-week high, just 0.97% away from Rs 3,312. The stock has demonstrated robust returns over various periods, including a 12.98% increase over the past week and a 53.48% increase over the past month. The company has reported positive results for the last eight consecutive quarters, with significant growth in net sales and profit after tax, contributing to its strong long-term fundamental strength. However, it is trading at a premium valuation compared to its peers, which could be a concern for some investors.
In the broader market context, Netweb Technologies has significantly outperformed the benchmark index, the Sensex, which has only increased by 0.88% over the past week and 1.20% over the past month. Despite the overall market generating negative returns of -1.96% in the last year, Netweb has achieved a return of 23.60%, indicating its strong market position. However, there is a noted decline in institutional investor participation, which may pose a risk to the stock's future performance. Overall, the combination of strong recent performance, positive financial results, and a favorable comparison to the broader market has contributed to the stock's rising price.