Why is Pearl Global Ind falling/rising?

As of 01-Jul, Pearl Global Industries Ltd's stock price is rising, currently at 1,556.25, reflecting an increase of 61.1 or 4.09%. The stock has been on an upward trend, gaining for the last three days with a total return of 4.92% during this period. It has outperformed its sector by 4.73% today and reached an intraday high of Rs 1,595. The stock's performance over the past week shows a 6.67% increase, while it has delivered a remarkable 94.97% return over the past year. Positive factors contributing to this rise include high management efficiency with a return on capital employed (ROCE) of 15.87%, consistent growth in operating profit, and increasing participation from institutional investors, who have raised their stake by 2.52% in the last quarter.
In the broader market context, Pearl Global Industries Ltd's short-term performance significantly outpaces the benchmark, with a 6.67% return over the past week compared to the Sensex's 2.00%. This strong performance is indicative of investor confidence, bolstered by the company's positive financial results over the last five quarters and a healthy growth rate in net sales. However, it is important to note that while the stock is performing well, it is also considered very expensive with a high enterprise value to capital employed ratio, which could pose risks if market conditions change.