Why is Shilchar Tech falling/rising?

As of N/A, Shilchar Technologies Ltd is currently priced at 4,903.35, reflecting an increase of 78.45, or 1.63%. While today's price summary data is unavailable, the stock has shown a strong performance over the past week, with a return of 8.57%, significantly outperforming the Sensex, which only increased by 0.88%. The company has demonstrated robust financial health, with net sales growing at an annual rate of 58.57% and operating profit soaring by 189.75%. Additionally, Shilchar has reported positive results for the last 15 consecutive quarters, with net sales in the latest six months reaching Rs 390.61 crore, a growth of 83.89%, and a profit after tax of Rs 96.85 crore, which has grown by 97.65%. However, the stock is considered expensive with a high price-to-book value of 16.2, and domestic mutual funds hold no stake, which may indicate a lack of confidence at current price levels.
In the broader market context, Shilchar's performance over the last month shows a slight decline of 0.54%, while the Sensex has increased by 1.20%. Despite the recent upward movement, the stock's year-to-date performance is down by 3.29%, contrasting with the Sensex's gain of 5.74%. Over the past year, Shilchar has outperformed the broader market with a return of 30.02%, while the Sensex has declined by 0.67%. The significant long-term returns of 2205.81% over three years and 9057.87% over five years highlight the company's strong growth trajectory, but the high valuation and lack of domestic mutual fund investment may temper investor enthusiasm in the short term.