Why is Prem. Explosives falling/rising?

As of 06-Oct, Premier Explosives Ltd is experiencing a price increase, currently at Rs 640.95, reflecting a rise of Rs 36.9 or 6.11%. The stock has reached a new 52-week high of Rs 667.9 today and has outperformed its sector by 6.08%. Over the last three days, the stock has gained 13.37%, contributing to a year-to-date return of 22.19%. The company has shown strong financial performance, with a net profit growth of 109.55% and a significant increase in net sales, which grew by 71.55%. However, the stock is considered expensive with a high price-to-book value ratio, despite trading at a discount compared to its peers.
In the broader market context, Premier Explosives Ltd has significantly outperformed the Sensex, which has only increased by 1.77% over the past week, while the stock itself has risen by 13.06%. This trend of outperformance is consistent, as the company has generated a return of 26.92% over the last year compared to the Sensex's mere 0.12%. The rising investor participation, indicated by a 27.86% increase in delivery volume, further supports the stock's upward momentum, suggesting strong market confidence in the company's future growth prospects.