Why is RIR Power Electr falling/rising?

As of 07-Jul, RIR Power Electronics Ltd's stock price is rising, currently at 2,744.20, reflecting an increase of 86.65 or 3.26%. The stock opened with a gain of 2.05% today and reached an intraday high of Rs 2790, indicating positive momentum. Despite a slight decline of 4.51% over the past month, the stock has shown significant growth over the past year, with a return of 41.16%. The company has reported positive results for the last five consecutive quarters, including a notable increase in net sales and profit before tax, which has contributed to its strong performance. However, the stock's high valuation metrics, such as a Price to Book Value of 22.9 and a PEG ratio of 240.4, may raise concerns among investors.
In the broader market context, RIR Power Electronics has outperformed the Sensex by 3.84% today, contrasting with the benchmark's slight decline of 0.20% over the past week. While the stock has shown impressive returns over the long term, including a staggering 1265.95% increase over three years, its recent performance relative to the benchmark indicates a mixed outlook. The lack of domestic mutual fund investment, holding only 0% of the company, suggests that institutional investors may have reservations about the stock's current valuation despite its strong historical performance.