Why is Padam Cotton falling/rising?

As of 30-Jul, Padam Cotton Yarns Ltd's stock price is currently at 7.37, reflecting an increase of 0.14 or 1.94%. The stock has demonstrated strong performance recently, gaining 53.54% over the last 21 consecutive days and outperforming its sector by 1.33% today. In terms of returns, the stock has surged by 60.92% over the past month and an impressive 388.21% over the last year, significantly outpacing the BSE500 index during the same periods. The company has also shown healthy long-term growth, with net sales increasing at an annual rate of 290.10% and operating profit rising by 80.00%. Positive results over the last three quarters, including substantial growth in profit before tax and profit after tax, have further bolstered investor confidence.
In the broader market context, while Padam Cotton has outperformed the benchmark with a 10.00% increase over the past week compared to a decline of 1.50% in the Sensex, it is important to note that the stock has a high valuation with a price-to-book ratio of 9.3 and a return on equity of 135.1, which may raise concerns among some investors. Despite these concerns, the stock's liquidity remains favorable, with a delivery volume that has increased by 17.97% against the five-day average, indicating rising investor participation. Overall, the combination of strong recent performance, positive financial results, and growing investor interest has contributed to the stock's upward movement.