Why is Netweb Technol. falling/rising?

As of 25-Sep, Netweb Technologies India Ltd is experiencing a price increase, currently at Rs. 3,611.55, reflecting a rise of 194.15 or 5.68%. The stock has shown strong performance, with a new 52-week high of Rs. 3,650 reached today and an intraday high increase of 6.81%. Over the past week, the stock has surged by 18.80%, and over the last month, it has gained an impressive 53.81%. The company's fundamentals are robust, with a strong long-term growth trajectory evidenced by a 72.84% annual increase in net sales and a consistent positive performance over the last eight quarters. However, the stock is considered expensive with a high Price to Book Value ratio of 38.6, and there has been a decline in institutional investor participation.
In the broader market context, while the Sensex has declined by 2.23% over the past week, Netweb Technologies has significantly outperformed this benchmark, highlighting its strong market position. The stock's year-to-date return of 32.43% also contrasts sharply with the Sensex's modest gain of 3.87%. Despite the positive performance, the decrease in institutional investor stakes by 2.23% raises concerns about future participation and market confidence. Overall, the stock's rising price can be attributed to its strong fundamentals and market-beating performance, despite the challenges posed by high valuations and falling institutional interest.