Why is Stellant Secu. falling/rising?

As of 27-Jun, Stellant Securities (India) Ltd is experiencing a price increase, currently at Rs. 258.05, reflecting a rise of 5.05 or 2.0%. The stock has reached a new 52-week and all-time high today, and it has outperformed its sector by 1.91%. Over the past 21 days, the stock has shown a remarkable consecutive gain, rising 51.22%. Additionally, it has generated an impressive return of 1448.92% over the past year, significantly surpassing the market's return of 4.10%. However, it is worth noting that despite this substantial price increase, the company's profits have only risen by 93%, leading to a very expensive valuation with a Price to Book Value of 8.6.
In the broader market context, Stellant Securities has outperformed the benchmark Sensex, which has increased by 2.00% over the past week, while the stock itself has surged by 10.37%. The stock's year-to-date performance is also noteworthy, with a return of 137.81% compared to the Sensex's 7.58%. This strong performance, coupled with rising investor participation and liquidity, indicates a favorable sentiment towards the stock, despite the concerns regarding its high valuation and flat results in March 2025. Overall, the stock's recent upward movement can be attributed to its exceptional returns and market-beating performance, even as it faces scrutiny over its valuation metrics.