Why is RIR Power Electr falling/rising?

As of 10-Jun, RIR Power Electronics Ltd is experiencing a price increase, currently at Rs 3,027.35, reflecting a rise of 38.35 (1.28%). The stock has shown strong performance recently, gaining 34.27% over the last seven days and outperforming its sector by 0.79% today. It reached an intraday high of Rs 3,110, although it also saw a low of Rs 2,923. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive technical trend. Additionally, the company has reported positive results for the last five consecutive quarters, with net sales reaching Rs 26.46 crore and a 24.8% growth in profit before tax. However, despite these positives, the stock has a high Price to Book Value ratio of 25.3, suggesting it may be overvalued.
In the broader market context, RIR Power Electronics Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of 21.79% compared to the Sensex's 2.05%. Over the past month, the stock has risen by 57.33%, while the Sensex has only increased by 3.70%. This strong performance indicates robust investor interest, as evidenced by a 26.61% increase in delivery volume. However, the lack of domestic mutual fund investment, which stands at 0%, may indicate some caution among institutional investors regarding the stock's valuation. Overall, while the stock is rising due to strong recent performance and positive financial results, concerns about its valuation and institutional interest may temper enthusiasm.