Why is Raghav Product. falling/rising?

As of 19-Nov, Raghav Productivity Enhancers Ltd is experiencing a price increase, currently at 1,045.20, reflecting a rise of 39.55 (3.93%). The stock has recently hit a new 52-week high of Rs. 1059.8 and has outperformed its sector by 4.92%. Over the past week, the stock has gained 4.39%, and it has shown impressive returns of 53.59% over the last month and 48.05% year-to-date. The company has reported very positive financial results, including a 58.17% growth in net profit and consistent positive performance over the last six quarters. However, it is trading at a premium valuation compared to its peers, which may raise concerns among investors.
In the broader market context, Raghav Productivity Enhancers Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.85% over the past week. The stock's strong performance over the last three years, with a staggering 347.41% increase, further highlights its robust growth compared to the broader market, which has risen by 38.15% in the same period. Despite this, the falling investor participation, indicated by a 43.02% drop in delivery volume, suggests some caution among investors, potentially due to the company's high valuation and the lack of domestic mutual fund investment.