Why is PTC Industries falling/rising?

As of 02-Jul, PTC Industries Ltd is experiencing a price increase, currently at 15,040.00, reflecting a change of 113.05, or 0.76% upward. The stock has shown strong performance today, outperforming its sector by 1.16%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable rise in investor participation, with a delivery volume increase of 16.89% compared to the 5-day average. Over the past year, PTC Industries has generated a return of 6.02%, and its performance over the last three years has been exceptional, with a staggering increase of 317.63%. The company has also reported significant growth in net sales and has maintained a low debt-equity ratio, which contributes to its favorable outlook.
In the broader market context, PTC Industries has outperformed the benchmark Sensex in the short term, with a 1-week return of 1.12% compared to the Sensex's 0.79%. This indicates that the stock is gaining traction relative to the overall market. The recent increase in institutional investor participation, with a 0.8% rise in their stake, further supports the stock's positive momentum, as these investors typically have more resources to analyze company fundamentals. Despite some concerns regarding its valuation, as indicated by a high price-to-book ratio and a relatively low return on equity, the overall sentiment remains bullish, bolstered by consistent returns and strong sales growth.