Why is Pearl Global Ind falling/rising?

As of 20-Jun, Pearl Global Industries Ltd's stock price is rising, currently at 1,490.00, reflecting an increase of 88.85 or 6.34%. The stock has shown strong performance today, outperforming its sector by 5.96% and reaching an intraday high of Rs 1505.9, which is a 7.48% increase. Over the past week, the stock has gained 10.42%, and it has delivered a remarkable 136.66% return over the last year, significantly outperforming the Sensex, which has only increased by 6.36% in the same period. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 15.87%, and its operating profit has grown at an annual rate of 67.08%. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Pearl Global's short-term performance has significantly outpaced the benchmark, with a 10.42% increase over the past week compared to the Sensex's 1.59% rise. This strong performance is supported by consistent positive results over the last five quarters and a healthy growth in net sales. However, there are concerns regarding the stock's valuation, as it is considered very expensive with a high enterprise value to capital employed ratio. Despite this, the stock's consistent returns over the last three years and increasing institutional participation suggest a robust outlook, contributing to its rising price.