Why is Thomas Scott falling/rising?

As of 18-Aug, Thomas Scott India Ltd's stock price is rising, currently at Rs 352.95, reflecting an increase of Rs 16.8 or 5.0%. The stock has shown strong performance recently, gaining 21.52% over the past week and outperforming its sector by 3.15% today. It opened with a 5% gain and has maintained this price throughout the trading session. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.14 times and impressive growth in net sales and operating profit. Additionally, it has reported positive results for the last ten consecutive quarters, contributing to its upward momentum.
In the broader market context, while the Sensex has only increased by 0.83% over the past week, Thomas Scott's significant short-term return highlights its strong performance relative to the benchmark. However, there are concerns regarding its valuation, as it trades at a premium compared to peers, and institutional investor participation has declined slightly. Despite these factors, the stock's consistent returns over the last three years and strong growth metrics have likely contributed to its recent rise in price.