Why is Pearl Global Ind falling/rising?

As of 04-Jul, Pearl Global Industries Ltd is experiencing a price increase, currently at 1,570.00, reflecting a rise of 38.2 points or 2.49%. The stock has shown strong performance today, outperforming its sector by 1.67% and achieving a consecutive gain over the last two days with a total return of 2.72%. It reached an intraday high of Rs 1609.9, marking a 5.1% increase. Over the past week, the stock has risen by 5.53%, significantly outperforming the Sensex, which has declined by 0.74%. The company has demonstrated healthy long-term growth, with a 67.08% annual increase in operating profit and a 40.08% growth in net sales, contributing to positive investor sentiment. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, while Pearl Global Industries has outperformed the benchmark Sensex in the short term, with a 5.53% increase over the past week compared to the Sensex's decline, it is important to note that the stock's valuation is considered very expensive, with a high ROCE of 24.1 and a PEG ratio of 0.9. Despite these concerns, the stock has consistently generated returns, outperforming the BSE500 over the last three years, which adds to its appeal among investors. However, the recent decline in delivery volume may suggest a potential risk in investor participation, which could impact future price movements.