Why is Prime Securities falling/rising?

As of 14-Jul, Prime Securities Ltd is experiencing a price increase, currently at 315.00, reflecting a rise of 15.0 or 5.0%. The stock has shown strong performance today, outperforming its sector by 4.92% and has gained consecutively for the last three days, accumulating a total return of 9.34% in that period. It opened with a 2% gain and reached an intraday high of Rs 316.8. Over the past week, the stock has increased by 7.88%, and it has consistently outperformed the BSE500 over the last three years, generating a return of 23.41% in the past year. However, despite these positive trends, there are concerns regarding its long-term fundamental strength, as indicated by a relatively low average Return on Equity (ROE) of 12.73% and flat results in recent financial reports.
In the broader market context, Prime Securities' short-term return of 7.88% over the past week stands in stark contrast to the Sensex, which has declined by 1.42% during the same period. This significant outperformance highlights the stock's resilience amidst broader market challenges. Nevertheless, the stock's valuation appears high compared to its peers, with a Price to Book Value of 5.1, raising questions about its sustainability. Additionally, a decline in investor participation, evidenced by a 15.16% drop in delivery volume, may pose risks to its upward momentum. Overall, while the stock is currently rising, its long-term growth prospects and valuation concerns could influence future performance.