Why is SRF falling/rising?

As of 08-Jul, SRF Ltd. is experiencing a rise in its stock price, currently at 3,286.90, reflecting an increase of 47.4 points or 1.46%. The stock has recently hit a new 52-week high of Rs. 3296 and has outperformed its sector by 0.84%. Over the last three days, SRF has shown consistent gains, rising by 1.56%. In terms of performance, the stock has delivered a return of 38.78% over the past year, significantly surpassing the broader market's return of 1.98%. Positive factors contributing to this upward movement include high management efficiency, a strong ability to service debt, and increased institutional holdings, which indicate confidence from knowledgeable investors.
In the broader market context, SRF's short-term performance has been notably strong, with a 2.75% increase over the past week compared to a mere 0.02% rise in the Sensex. This demonstrates that SRF is not only performing well on its own but is also gaining traction relative to the overall market. However, it is important to note that there are risks associated with the stock, including a very expensive valuation and a decline in profits over the past year, which could impact future performance. Despite these risks, the stock's current momentum appears to be driven by positive operational results and strong institutional support.