Why is Padam Cotton falling/rising?

As of 14-Jul, Padam Cotton Yarns Ltd's stock price is currently at 5.87, reflecting an increase of 0.11 or 1.91%. The stock has been on a positive trajectory, gaining for the last 15 days and achieving a remarkable 46.75% return during this period. Over the past week, the stock has outperformed the sector by 2.63%, and its one-year return stands at an impressive 345.71%, significantly surpassing the market's return of 2.15%. The company has also reported strong financial performance, with net sales growing at an annual rate of 290.10% and operating profit increasing by 80.00%. However, there has been a decline in investor participation, as evidenced by a 42.6% drop in delivery volume compared to the five-day average.
In the broader market context, while Padam Cotton Yarns Ltd has shown a substantial short-term return of 9.93% over the past week, the benchmark Sensex has declined by 1.42% during the same period. This stark contrast highlights the stock's strong performance relative to the market. Despite its impressive returns, the stock's valuation raises concerns, with a high price-to-book value of 7.4 and a very high return on equity of 135.1, suggesting it may be overvalued. Nonetheless, the company's consistent positive results over the last three quarters and its strong growth metrics contribute to its rising stock price, even as it faces challenges related to liquidity and valuation.