Why is Stellant Secu. falling/rising?

As of 18-Jul, Stellant Securities (India) Ltd is experiencing a price increase, currently at Rs. 346.90, reflecting a rise of 6.8 or 2.0%. The stock has reached a new 52-week and all-time high today, having gained 51.32% over the past 21 consecutive days. It opened with a 2% gain and has consistently traded at this price. The stock's performance has significantly outpaced the benchmark, with a remarkable 1244.57% return over the past year, while also outperforming the BSE500 in the last three years, one year, and three months. However, despite these impressive returns, the company has reported flat results for March 2025, and its high valuation, indicated by a Price to Book Value of 11.6, raises concerns among investors.
Broader market context shows that while Stellant Securities has outperformed the Sensex, which has only increased by 0.51% over the past year, the stock's strong performance is contrasted by the broader market's lackluster results. The stock's 10.37% gain over the past week further highlights its strength against a backdrop where the Sensex has declined by 0.90%. This disparity suggests that investor sentiment remains strong for Stellant Securities, driven by rising investor participation and liquidity, despite the company's expensive valuation and slower profit growth relative to its stock price increase.