Why is Pearl Global Ind falling/rising?

As of 17-Jul, Pearl Global Industries Ltd is experiencing a price increase, currently at 1,627.00, reflecting a rise of 57.7 points or 3.68%. The stock has shown strong performance today, outperforming its sector by 3.4% and reaching an intraday high of Rs 1,634.95, which is a 4.18% increase. Over the past week, the stock has gained 6.69%, and it has also demonstrated impressive returns over longer periods, including a 95.55% increase over the past year and a staggering 739.96% over the last three years. Positive factors contributing to this upward movement include high management efficiency, a significant annual growth rate in operating profit of 67.08%, and increasing participation from institutional investors, who have raised their stake by 2.52% in the last quarter. However, the stock is considered very expensive based on its valuation metrics, which could pose a risk.
In the broader market context, Pearl Global Industries Ltd's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 1.12% over the past week. This divergence highlights the stock's resilience and strong fundamentals, especially given its consistent returns over the last three years. While the stock's price is rising, the broader market's lackluster performance may indicate that investor sentiment is more favorable towards Pearl Global Industries Ltd compared to the overall market conditions.