Why is RIR Power Electr falling/rising?

As of 23-Jul, RIR Power Electronics Ltd is experiencing a price increase, currently at 1,465.05, which reflects a rise of 35.95 or 2.52%. The stock has shown strong performance recently, gaining 10.99% over the last four days and outperforming its sector by 2.71% today. It has also achieved significant returns over various periods, including a 64.15% increase over the past year and an impressive 1213.95% over the last three years. The company has consistently reported positive results for the last five quarters, with net sales reaching a record high of Rs 26.46 crore and a 24.8% growth in profit before tax, contributing to the stock's upward momentum. However, it is worth noting that the stock has a high price-to-book value ratio of 24.5, indicating a potentially expensive valuation relative to its earnings growth.
In the broader market context, RIR Power Electronics Ltd has outperformed the Sensex, which only increased by 0.11% over the past week, while the stock rose by 10.21%. This strong performance in the short term highlights the stock's resilience and attractiveness to investors, despite a slight decline in institutional investor participation, which decreased by 0.95% in the previous quarter. The liquidity of the stock remains favorable, with a delivery volume increase of 61.92% against the five-day average, suggesting continued interest from retail investors. Overall, the combination of strong recent performance, positive financial results, and rising investor participation contributes to the stock's upward trajectory.