Why is Tilaknagar Inds. falling/rising?

As of 25-Jul, Tilaknagar Industries Ltd is experiencing a price increase, currently at Rs 497.00, reflecting a change of 3.25 (0.66%) upwards. The stock has recently hit a new 52-week and all-time high of Rs 506, demonstrating strong performance with a 46.76% return over the last 10 days. It has consistently outperformed its sector by 1.95% today and is trading above all key moving averages. The company has shown impressive growth, with a net profit increase of 145.85% and a healthy operating profit growth rate of 35.95%. However, it is noted that the stock has a high valuation with a Price to Book Value of 10.9, which may raise concerns among some investors.
In the broader market context, Tilaknagar Industries has significantly outperformed the benchmark Sensex, which has seen a decline of 0.36% over the past week, while the stock itself has surged by 25.24%. This stark contrast highlights the stock's strong momentum and investor confidence, particularly given its consistent returns over the past three years, where it has generated 93.39% returns compared to the Sensex's 1.78%. Despite the positive performance, the relatively low stake held by domestic mutual funds at 1.65% could indicate some caution regarding its valuation, suggesting that while the stock is rising, there are underlying risks that investors should consider.