Why is Shilchar Tech falling/rising?

As of 22-Sep, Shilchar Technologies Ltd is experiencing a slight increase in its stock price, currently at 4,906.55, reflecting a change of 3.2 (0.07%) upward. The stock has shown strong performance recently, with a 1-week return of +11.76% and a consecutive gain over the last two days, resulting in a total increase of 1.69%. The company has demonstrated robust financial health, with net sales growing at an annual rate of 58.57% and operating profit increasing significantly. Additionally, Shilchar Technologies has reported positive results for the last 15 consecutive quarters, which has likely contributed to the recent upward movement in its stock price. However, it is important to note that the stock is trading at a premium compared to its peers, indicated by a high Price to Book Value ratio of 16.2, which could raise concerns among investors.
In the broader market context, Shilchar Technologies has outperformed the benchmark Sensex significantly over the past week, where the Sensex only increased by 0.46%. This strong relative performance may attract more investor interest, particularly given the stock's liquidity and rising investor participation. Despite the company's impressive returns over the past year and three years, the lack of domestic mutual fund investment could indicate some caution in the market regarding its valuation. Overall, while the stock's recent gains reflect positive company performance and investor sentiment, the high valuation and low mutual fund interest may temper future growth expectations.