Why is Shilchar Tech falling/rising?

As of 17-Sep, Shilchar Technologies Ltd is experiencing a price increase, currently at Rs 4,871.70, reflecting a rise of Rs 391.7 or 8.74%. The stock has shown strong performance today, outperforming its sector by 7.51% and achieving a consecutive gain over the last two days with a total return of 10.97%. It reached an intraday high of Rs 4,929, and while the stock is trading above its 5-day, 20-day, and 200-day moving averages, it remains below its 50-day and 100-day moving averages. The company has demonstrated healthy growth, with net sales increasing at an annual rate of 58.57% and operating profit at 189.75%. Additionally, it has reported positive results for the last 15 consecutive quarters, with significant growth in net sales and profit after tax in the latest six months.
In the broader market context, Shilchar Technologies has outperformed the benchmark Sensex over the past week, with a return of +5.60% compared to the Sensex's +1.56%. However, the stock has underperformed over the past month and year-to-date, with returns of -0.05% and -3.92%, respectively. Despite a very expensive valuation indicated by a high Price to Book Value ratio and low domestic mutual fund ownership, the stock's consistent returns over the last three years, including a 23.02% return in the last year, suggest strong investor confidence. The low debt-to-equity ratio and robust growth metrics further support the stock's recent upward movement, indicating a positive outlook despite some valuation concerns.