Why is Tilaknagar Inds. falling/rising?

As of 04-Aug, Tilaknagar Industries Ltd is experiencing a price increase, currently at 513.65, reflecting a rise of 8.3 or 1.64%. The stock has shown strong performance recently, gaining 4.32% over the last two days and is only 2.01% away from its 52-week high of Rs 524. It has outperformed its sector by 1.58% today and is trading above all key moving averages, indicating positive momentum. Over the past month, the stock has surged by 50.96%, significantly outperforming the Sensex, which declined by 2.89%. Positive financial indicators, such as a 145.85% increase in net profit and consistent positive results over the last four quarters, contribute to the stock's upward trajectory, despite its high valuation metrics.
In the broader market context, Tilaknagar's short-term performance stands in stark contrast to the Sensex, which has only gained 0.16% over the past week. The stock's impressive returns over various periods, including a 104.64% increase over the last year, highlight its strong growth relative to the benchmark. However, the stock faces risks due to its high valuation and low domestic mutual fund ownership, which may indicate a lack of confidence among institutional investors. Despite these concerns, the company's robust operating profit growth and cash reserves support its positive outlook, helping to sustain investor interest and drive the stock price higher.