Why is Stellant Secu. falling/rising?

As of 07-Jul, Stellant Securities (India) Ltd is experiencing a price increase, currently at Rs. 290.45, reflecting a rise of 5.65 or 1.98%. The stock has been on an upward trajectory, gaining for the last 21 days and achieving a remarkable 51.24% return over this period. It has also reached a new 52-week and all-time high today. Despite a decline in delivery volume by 19.68% against the 5-day average, the stock is trading above all key moving averages, indicating strong momentum. The company has demonstrated exceptional long-term performance, with a staggering 1407.27% return over the past year, although this comes alongside a very high valuation with a Price to Book Value of 9.7 and a return on equity of 58.1.
In the broader market context, Stellant Securities has significantly outperformed the benchmark, with a 10.35% gain over the past week compared to a slight decline of 0.20% in the Sensex. The stock's performance is particularly noteworthy as it has consistently beaten the BSE500 over various time frames, including the last three years and one year. However, the flat results reported in March 2025 and the high valuation may raise concerns among investors, despite the impressive returns. Overall, the stock's recent rise can be attributed to its strong performance metrics and market position, even as some caution exists regarding its valuation and declining investor participation.