Why is Tilaknagar Inds. falling/rising?

As of 24-Jul, Tilaknagar Industries Ltd is experiencing a price increase, currently at Rs 493.75, reflecting a rise of Rs 20.7 or 4.38%. The stock has hit a new 52-week and all-time high of Rs 505 today and has been on a consecutive gain streak for the last nine days, accumulating a remarkable 45.8% return during this period. In terms of performance, the stock has outperformed its sector by 4.63% today and has shown impressive returns over various time frames, including a 104.45% increase over the past year. The company's strong financial performance, highlighted by a 145.85% growth in net profit and consistent positive results over the last four quarters, supports its upward movement. However, it is worth noting that investor participation has decreased, with delivery volume falling by 9.05% against the five-day average.
In the broader market context, Tilaknagar Industries has significantly outperformed the benchmark Sensex, which has shown a slight decline of 0.09% over the past week, while the stock itself has surged by 25.25% in the same timeframe. This stark contrast indicates strong investor confidence in Tilaknagar Industries compared to the overall market. Despite its impressive growth and returns, the stock's valuation remains a concern, as indicated by its high price-to-book value and relatively low domestic mutual fund holdings, which may suggest caution among institutional investors. Nonetheless, the company's robust operating profit growth and consistent returns over the years contribute positively to its current price momentum.